Gold prices fell in Asian trade on Wednesday, extending a drop from record highs amid growing bets that the Federal Reserve will cut interest rates at a slower pace in the coming months.
A firm dollar also weighed on broader metal markets, as bets on a smaller Fed rate cut drove up U.S. Treasury yields.
Spot gold fell 0.2% to $2,615.90 an ounce, while gold futures expiring in December fell slightly to $2,634.20 an ounce by 00:57 ET (04:57 GMT). Spot prices had hit a record high of $2,685.96 an ounce earlier this month.