Gold prices fell under the impact of a slight increase in the dollar, after the precious metal had recorded an all-time high amid expectations of a U.S. Federal Reserve interest rate cut.
Spot gold fell 0.1 percent to $3,684.10 per ounce, after hitting a record high of $3,702.95 yesterday, Tuesday. U.S. gold futures for December delivery fell 0.1 percent to $3,718.50 per ounce.
Gold’s surge to $3,700 was supported by the dollar’s decline and bets on a possible interest rate cut before the end of the year.
