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The Economic Times

Business / The Economic Times

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Gold falls over 1% as profittaking, easing geopolitical risks weigh

Gold prices dropped on Friday after reaching record highs. Investors took profits as geopolitical tensions eased, reducing gold's safe-haven appeal. Despite the dip, gold is set for its second consecutive weekly gain. Silver also saw a decline after hitting an all-time high. Analysts suggest gold could still reach $5,000 this year, with corrections expected.

17 Jan 2026 11:10 am