Profit-taking led to a decline in gold prices, with spot gold falling below the $5,000 mark

According to Gate's market data, gold prices fell after rising for two consecutive days, as traders took profits in a volatile market. Spot gold dropped by 1.4% during early trading, falling below the $5,000 per ounce mark, before recovering some of the losses. Since reaching a historic peak on January 29, gold prices have declined by about 10%, but they still maintain a strong increase for the year. Future economic data will provide clues for Federal Reserve policy.