Gold ticked lower on Thursday as the market took a breather after rallying 2.5 percent in the previous session following the Federal Reserve's decision to cut the number of planned interest rate hikes, adding to pressure on the dollar.
Gains in Asian stock markets and US crude oil futures took their toll on the precious metal's safe-haven appeal.
Spot gold had slid 0.3 percent to $1,258.25 an ounce by 0624 GMT, after notching up its biggest one-day rally in five weeks on Wednesday to a high of $1,264 an ounce.
US gold jumped 2.4 percent to $1,259.5 an ounce, having settled down 0.1 percent in the last session prior to the Fed statement.
"The market jumped after the Fed meeting but there are a lot of people on the long side, so some sort of profit-taking is happening today," said Ronald Leung, chief dealer, Lee Cheong Gold Dealers, Hong Kong.
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