Gold slips as profit-taking, softer geopolitical tone hit safe-haven demand

Gold prices eased on Thursday after reaching record highs. Investors took profits as U.S. President Donald Trump softened his stance on the Federal Reserve chair and Iran. This reduced demand for gold as a safe haven. Other precious metals like silver, platinum, and palladium also saw declines. Market participants are now awaiting U.S. jobless claims data for further economic clues.