Global Gold Price Dips Below $4,400/oz Amid Market Consolidation

Gold prices experienced a slight pullback in global markets on Thursday morning. Spot gold (CFDs on Gold US$ / OZ) dropped by $11.17 (-0.25%), trading at $4,398.29 USD per ounce after fluctuating within an intraday range of $4,391.82 to $4,449.73.

Following a sharp post-inflation surge in the previous session, international precious metal markets recorded a mild consolidation. The drop in gold prices was accompanied by a similar trend in silver, which traded marginally lower at $65.27 per ounce (-0.07%).

In contrast, energy markets remained slightly positive, with WTI Crude holding near $82.92 and Brent Crude trading around $91.28 per barrel.