Gold prices are trading in today’s Asian session below 2370 levels.
Gold prices continued to decline during Asian trade on Thursday, retreating further from their record highs due to renewed worries about high interest rates and decreasing demand for safe-haven assets.
Concerns about interest rates surged after the Federal Reserve's late-April meeting minutes revealed policymakers' heightened anxiety over persistent inflation.
Additionally, metal prices were under pressure from an overnight rebound in the dollar, which reached a one-week high following the release of the Fed minutes.
Some policymakers were also open to the possibility of further interest rate hikes to combat inflation, although this scenario seemed improbable.
