Gold retreats from near record-high levels as rate-cut bets ease

Gold prices were listless on Thursday after a recent rally lost steam to dip more than 1% in the previous session, as traders started pulling back their expectations of rate cuts by the U.S. Federal Reserve this year.

FUNDAMENTALS

* Spot gold held its ground at $2,377.48 per ounce, as of 0113 GMT. Bullion hit a record high of 2,449.89 on Monday.