Gold prices extended their decline on Wednesday, slipping to their lowest level in nearly two weeks.
The precious metal faced renewed selling pressure as the US dollar strengthened, driven by shifting expectations in the Federal Reserve's interest rate path.
The retreat in gold follows a significant drop earlier in the week, when prices fell more than 2% on Tuesday.
Market participants are increasingly pricing in a more hawkish stance from the central bank.
According to FedWatch data, traders are now betting on three rate hikes in 2026.
This repricing of policy expectations has bolstered the greenback, weighing heavily on non-yielding assets like gold.
The retreat in gold follows a significant drop earlier in the week, when prices fell more than 2% on Tuesday.