Gold prices have retreated slightly from record highs but remain above $2,400 per ounce, supported by safe-haven demand and expectations of U.S. interest rate cuts. However, China’s gold imports have slowed significantly, with April purchases dropping 30% from March due to record prices and seasonal factors. This decline affects both investor and central bank demand in China, a key driver of recent gold strength. Meanwhile, copper prices continue to rise, hitting new records amid supply concerns and M&A activity. Analysts suggest that while more investors are drawn to gold, the market may be due for a correction before further price increases.