[Analyst Says Gold Prices Decline Due to Profit-Taking by Investors] Interactive Investor analyst Victoria Scholar stated that the decline in gold prices is due to investors locking in profits after a strong rally. New York gold futures fell by approximately 1.3%, to around $4,492 per ounce. Gold prices have rebounded this year, with trading prices at around $2,670 per ounce at the beginning of January. Scholar also pointed out that potential progress made by U.S. President Trump and Ukrainian President Zelensky in ending the conflict with Russia has dampened demand for precious metals.