Gold retreats after record rally, on track for biggest daily drop since 2020

Citi analysts said the end of the US government shutdown and possible US-China trade deal announcements could keep gold prices steady in the next few weeks.

Gold prices were on track for their steepest daily fall in five years on Tuesday, as investors booked profits after expectations of US interest rate cuts and sustained safe-haven demand drove the metal to a record high in the previous session.