Investors took profits on gold after its prices notched consecutive new highs. Spot gold ebbed from Wednesday's peak of USD5,595, down nearly 9% to a trough of USD5,106 on Thursday.
Calculating from Wednesday's closing price of USD5,417, spot gold lost up to 5.7% on Thursday.
The latest spot gold slid 2.1% to USD5,306.4 per ounce.
Gold futures for February delivery sank USD60 or 1.1% to USD5,243.7 per ounce.
.
Repost: AASTOCKS