Gold Pulls Back from $4,700 Amid Profit-Taking and Rising Yields

Gold prices retreated from record highs above $4,700 on August 25 due to profit-taking by short-term traders and a slight increase in U.S. Treasury yields.

The dip is seen as a healthy consolidation within an uptrend supported by central bank buying, geopolitical uncertainty, and expected Federal Reserve rate cuts.

Analysts view the current pullback as a temporary pause rather than a reversal, with underlying bullish drivers still supporting the precious metal.