Gold prices fell sharply on Thursday, snapping a four-session winning streak, as investors resorted to profit taking from the gains made during the recent rally to record highs for the yellow metal.
Front Month Comex Gold for October delivery slumped by $97.00 (or 2.40%) to $3,946.30 per troy ounce.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.