12/4/2023, 4:27 PM (Source: TeleTrader)
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Gold retreats from all-time high on profit taking

Precious metals traded in the red on Monday, as investors appeared to engage in profit-taking seemingly seizing the opportunity to capitalize on recent gains after gold reached its all-time high.

The yellow metal lost 2.02% to sell at $2,027.89 per ounce at 10:27 am ET. Silver dropped 3.01% to trade at $24.69 per ounce. A minute later, palladium slipped 3.76% to go for $958.13 per ounce, and platinum fell 2.04% to $917.67 per ounce.

Baha Breaking News (BBN) / AB