Gold miners drop as bullion prices retreat after record highs

Shares of gold miners decline, tracking a dip in bullion prices GOL/

Spot gold XAU= down 0.9% at $4,571.38/ounce

Prices fall as investors booked profits after recent record highs, while signs of easing geopolitical tensions further dampened the metal's safe-haven appeal

However, the metal is poised for its second consecutive weekly gain, of about 1.3%, after scaling a record peak of $4,642.72 on Wednesday

Top miners Newmont NEM.N and Barrick Mining ABX.TO down 1.3% and 2.6% respectively

U.S.-listed shares of South African miners Gold Fields GFI.N, AngloGold Ashanti AU.N, Harmony Gold HMY.N fall between 1.1% and 2.3%

Canadian miners: Kinross Gold K.TO dips 1.3% and Agnico Eagle Mines AEM.TO falls 1.9%