Gold and silver futures pulled back Thursday after both metals reached record highs in the prior session, this as easing geopolitical tensions and profit-taking combined to cool safe-haven demand.

Global metals prices extended their searing rally Wednesday, with gold, silver, and copper all hitting all-time highs amid a surge in demand tied to geopolitical risks, currency debasement, and industrial demand.

Precious metals pull back after bullion's historic surge past $4,600, though geopolitical turmoil and tariff threats keep bullish sentiment intact.