Bullion had scaled an all-time high of $2,954.69 on Thursday
Gold’s upside remains capped as first round of talks between the US and Russia over potential peace deal in Ukraine
The dollar index hovered near a two-month low as traders assessed recent weaker-than-expected US economic data
The market is slightly overbought, which can create some technical profit booking after nearing the $3,000 level
Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view
Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment