Gold prices retreat today after reaching nearly three-week highs, hovering around the $2,721-$2,722 range. This pullback signifies the end of a five-day winning streak, leading many analysts to question the sustainability of recent gains. Factors influencing this retracement include market reactions to the new political environment following Donald Trump’s Treasury Secretary nomination. As global markets absorb this development, traders should remain watchful of evolving economic contexts affecting gold. The demand for safe-haven assets like gold fluctuates in response to geopolitical stability and economic performance. Staying informed on such developments remains crucial. Adaptability and continuous alignment with market trends will aid effective trading strategies in gold.