Gold slipped from record high
Gold decline on Thursday, falling from a record high that hit last session as disappointment over the metal’s failure to breach $1,100 an ounce prompted investors to cash in some gains.
Gold’s strength despite a relatively firm dollar this week suggests that bullion could be driven by other factors, such as renewed interest among central banks and worries over the massive stimulus plans that have been unleashed.
“The gold market has de-coupled itself from the dollar for the time being,” said George Nickas, commodities broker at FC Stone.
By William Wong, Account Manager
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