Gold fell from a record high amid profit-taking and easing trade tensions, dropping to $4,109.19.

Gold prices fell on Wednesday, retreating from a record high of $4,381.21, as investors took profits after a 56% surge this year, amid signs of easing U.S.-China trade tensions and progress on a U.S.-India trade deal. Spot gold dropped 0.4% to $4,109.19 per ounce, following a steep 5% decline the previous day—the largest since August 2020. Analysts cited reduced geopolitical risks and profit-taking, though long-term demand remains supported by inflation concerns, expected Federal Reserve rate cuts, and strong central bank buying. Markets now await delayed U.S. inflation data for guidance on monetary policy, with a 25-basis-point rate cut expected next week. Silver edged up slightly, while platinum and palladium saw mixed moves.