Gold rally cools as dollar edges higher, investors cash out


An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Dec. 22, 2023. - Photographer: Chalinee Thirasupa/Bloomberg

GOLD prices eased on Wednesday, pulled down by a slight rebound in the dollar and profit-booking after the precious metal rose to a near three-week high a day earlier on expectations of more interest rate cuts by the Federal Reserve.

Spot gold was down 0.2% at $4,116.65 per ounce, as of 0640 GMT, after hitting its highest since October 23 on Tuesday.

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