Gold prices fell on Wednesday after the precious metal reached a record high in the previous session amid expectations that the Federal Reserve will reduce interest rates.
Spot gold declined by 0.2% to $3,681.23 per ounce, after hitting a record peak of $3,702.95 on Tuesday.
U.S. gold futures for December delivery also dropped by 0.2% to $3,718.90. In other precious metals, silver declined by 1.3% to $41.98 per ounce, while platinum rose by 0.1% to $1,392.25, and palladium increased by 0.5% to $1,182.21.
