Spot gold falls 0.5% on the day to $4,265.74/oz

A half-percent pullback is noise in isolation, but it matters as a test of whether the metal's recent altitude above this level was supported or merely momentum. The move is most relevant to gold holders and to RWA products whose collateral or pricing references the metal, since a single session's dip changes little structurally. The open question is whether this proves a routine pause or the start of a deeper retracement — worth watching for follow-through rather than reading into one print.