09 Oct 2025 | 5 Mins Read
Gold slides back from record as investors lock in profits
Flipitmoney
Following an erratic advance that left the precious metal susceptible to pullbacks, gold fell from a record high above $4,000 an ounce that was hit on Wednesday. After closing 1.4% higher the day before, bullion fell as much as 1% on Thursday. According to technical indicators, gold has been trading in overbought territory for the past month, which probably caused some investors to take profits.