Investors take profits as gold pushes past $3,300

Gold prices eased late last week as investors booked profits ahead of the long weekend, although a softer US dollar and escalating US-China trade tensions kept bullion well above $3,300 per ounce.

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The afternoon fixing on Thursday in London (the market was closed on Friday) was $3,305.65, compared with $3,230.50 a week earlier. Spot gold touched a record $3,357.40 earlier.

Thai selling prices were quoted at 52, 650 baht per bath weight (15.244 grammes), up 1,250 baht from the previous week.

"I think gold is quite overbought and there's some profit taking at work... However, big dips in gold will be bought into because the landscape going into 2025 is still very uncertain," said Marex analyst Edward Meir.