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Commodities

Gold Price Slips Amid Profit-Taking Pressure Near $4,700 Target

Guavy AI Editorial Team
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Gold
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The world gold price was listed around $4,625.6 USD/ounce as of 9:30 PM on August 25, down 34.8 USD from the previous day.

The precious metal is facing profit-taking pressure after approaching the $4,700 USD/ounce zone, but supporting factors remain due to weak US economic data.

Newly released data showed consumer confidence in the US continued to decline in August, with a 89.4-point index, lower than 90.8 points last month and below analysts' forecasts.

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