Gold Recovers Slightly After Retreating from Record Highs.

Slight Rebound in Gold Prices After Sharp Drop, Weekly Performance Remains Best Since April.

Gold prices saw a slight increase today, offsetting part of the losses incurred last week. Gold had fallen sharply from record levels exceeding $4,300 an ounce, following statements indicating an easing of trade tension between the United States and China. These statements prompted investors to move towards higher-risk assets.

Spot gold rose 0.4% to $4,263.59 an ounce. Gold had fallen about 1.8% in the previous day, its biggest drop in some time.

Despite this sharp decline, gold is still recording its best weekly performance in months, after rising earlier to an all-time high of $4,378.69 an ounce.