Gold prices have declined, with the Wall Street Journal attributing the pullback to investors taking profits. The spot gold market has recently been trading between $4,366 and $4,593 per ounce, reflecting ongoing profit-taking activity. Despite this decline, gold remains elevated by historical standards but is down 7% for the year, according to the World Gold Council. Prediction markets show only a 1.4% implied probability of gold reaching $15,000 by the end of 2026, indicating skepticism among market participants about significant upward movement.
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