Gold prices slipped more than 2% on Tuesday as investors booked profits after the yellow metal hit an all-time high in the previous session, with sentiment shaped by expectations of U.S. interest rate cuts and strong safe-haven demand that have driven an extraordinary rally this year.

As of 10:15 GMT, spot gold fell 2.3% to $4,256.19 per ounce, retreating from Monday’s record peak of $4,381.21. U.S. gold futures for December delivery were down 2.1% at $4,269.60 per ounce. The U.S. dollar index rose 0.3%, making gold more expensive for investors holding other currencies. Advertisement

The extraordinary surge in gold this year reflects investors’ growing unease about fiat currencies and the long-term health of global markets. Yet Tuesday’s drop highlights that even in bull markets, tempor

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