Gold slips 0.68% to $4,706.65 globally, trades below $4,751 high amid mild consolidation
Global gold prices are trading under mild pressure in the latest session, indicating a pause after recent strength. Spot gold is hovering around $4,706.65, down 0.68 percent, slipping from the previous close of $4,738.79. The metal has moved within a relatively narrow intraday range, touching a low of $4,695 and a high of $4,751, suggesting cautious trading sentiment rather than aggressive selling.
Despite the current dip, gold remains elevated compared to its 52-week low of $3,122, though it is still below the peak of $5,594, reflecting some cooling after a strong rally phase.
