Gold futures slipped Thursday, after the metal surged by the most in five years in the previous session, as investors booked profits ahead of the holiday weekend, although U.S.-China trade tensions and a softer dollar kept the price above $3,

Key Takeaways Gold futures rose to a record high of more than $3,350 an ounce on Wednesday as stocks sold off after chip giant Nvidia warned its earnings would take a $5 billion hit from escalating tensions between the U.

Gold prices just wrapped up their biggest daily gain since April 2020, when panicked investors were hoarding the precious metal during the Covid market meltdown. Gold futures rose 3.4%, or $107.90 a troy ounce,