Gold pauses record growth: prices fall ahead of the weekend.

Gold prices have dropped by more than 1% after a rapid rise last week.

Investors decided to secure profits ahead of the weekend, Reuters reported.

Spot gold prices fell 1.2% to $3,302.1 per ounce after reaching a record high of $3,357.40. Futures for American gold also decreased by 0.9% to $3,315.0.

Despite the correction, a weak dollar and rising trade tensions between the U.S. and China continue to support gold prices at high levels.

Yesterday, gold prices jumped sharply by 3.6% after Donald Trump ordered consideration of tariffs on imports of critical minerals, pharmaceuticals, and chips.

'There is a certain risk that a trade deal may be announced over the weekend, especially with Japan. But gold prices remain elevated due to uncertainty and deep concerns that continue to worry asset markets,' commented Tai Wong, an independent metal trader.

The dollar index, although it rose after a decline, is still on a downward trend for the entire week.

Prices for other precious metals are also showing negative dynamics: silver prices fell 1.6% to $32.22 per ounce, platinum decreased by 0.5% to $962.60, and palladium fell by 1.5% to $957.50.