Market analysis: Gold prices fell slightly due to the possible profit-taking.

After rising to a new record high in midday trading, the price of gold has slightly fallen due to potential profit-taking. Spot gold fell by 0.1% to $4,935.28 per ounce, after briefly touching $4,959.90 per ounce. However, the decline in gold prices may be limited, as uncertainty over the Greenland issue persists, despite President Trump's statement this week that he has "outlined a framework for future agreements." Details remain unclear, and European officials seemed reluctant to discuss the matter on Thursday. Bas Kooijman, CEO and asset manager at DHF Capital, said in an email, "Although geopolitical tensions between the United States and Europe have eased slightly, cautious sentiment still prevails." He added, "Market sentiment remains subdued, keeping demand for defensive assets at a high level."