Gold prices retreated in the first trading sessions of 2026, pulling back from recent record highs amid thin market liquidity and profit-taking, according to an analysis by Gold Bullion. Spot gold declined 4.4% over the past week, falling to a two-week low of $4,274 per ounce after opening the week at $4,542. The metal entered 2026 following a sharp rally in 2025, when prices surged nearly 65% year-on-year—marking gold’s strongest annual performance since 1979. Reports of repeated attacks in Venezuela’s capital—believed by some sources to involve U.S. action—could support gold demand once markets return to full activity next week, the analysis noted. Gold Bullion attributed the recent volatility primarily to reduced liquidity and lower trading volumes during the holiday period, which weakened upward momentum and encouraged profit-taking.

Source: Daily News Egypt January 03, 2026 17:35 UTC