Gold falls over 1% as profit‑taking, 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.