Gold eases from record highs – ING

  • Gold prices have pulled back from recent record highs above $3,500/oz, as a softer tone from Trump on China and the Fed eased market tension. Despite the dip, gold remains up over 25% year-to-date, bolstered by persistent volatility, shifting US policies, and strong demand from both ETFs and central banks, ING's commodity experts Ewa Manthey and Warren Patterson note.