Gold prices slipped nearly 2% as the dollar rebounded and some investors locked in profits after bullion scaled a nine-month peak on dovish remarks from Federal Reserve Chair Jerome Powell.

Spot gold dipped 1.91% to $1,9153.09 per ounce, having hit its highest since April 2022 earlier in the session.

U.S. gold futures settled down 0.77% at $1,927.8.