Gold Prices Decline on Profit-Taking Amid Softer U.S. Geopolitical and Fed Signals

Gold prices declined on Thursday as investors booked profits following record highs in previous sessions. The drop was influenced by U.S. President Donald Trump's softer stance on Iran and Federal Reserve Chair Jerome Powell, which reduced safe-haven demand. Spot gold fell around 0.6-0.7% to approximately 4,590 per ounce. Other precious metals like silver and platinum also saw declines. Market participants await U.S. jobless claims data for further economic insights amid expectations of interest rate cuts this year.