The price of gold declined after reaching a new record high yesterday.
An ounce of gold fell by 0.4% today, Thursday (October 9, 2025), trading at around $4.024, before recovering its gains and rising to $4.033 per ounce by 9:30 AM Baghdad time.
The price of gold rose significantly on Wednesday, reaching $4.059 per ounce.
So far, the yellow metal has risen by 54% since the beginning of the year.
Demand for gold as a safe haven investment has increased with expectations of further interest rate cuts by the US Federal Reserve (the central bank), which has been a key factor in the rise in gold prices this year.
Gold falls to $4,033 per ounce as profit-taking takes hold
