Gold Steadies After Record Rally; Platinum Tumbles 6% From Peak

• Gold reached an all-time high above $4,500 an ounce before steadying, with traders booking profits after a significant rally.
• Platinum tumbled over 6% from its own record high, while silver traded above $70 for the first time this week.
• Gold's rally, up nearly 70% in 2025, was driven by haven appeal, expectations of lower Federal Reserve borrowing costs, and strong ETF inflows.
• Technical indicators like gold's overbought 14-day relative strength index suggested a pause or pullback was due.
• Experts like John Feeney note "real demand" underpinning the rallies, with Goldman Sachs Group Inc. predicting further price increases for gold in 2026.

Why It Matters: Precious metals see profit-taking after record highs, but underlying demand remains strong.