Gold Price Today, April 23 -- The yellow metal backtracked after hitting back-to-back record highs on Friday, April 11, extending the rally driven by the bullion's safe-haven appeal amid concerns over an escalating trade war between the US and China

Gold on Wednesday extended its retreat from an all-time high, as appetite for riskier assets improved after President Donald Trump said he has no plans to fire the U.S. central bank chief and also signalled progress with China on the tariff front.

Spot gold slipped 2.2% at $3,305.79 an ounce by 09:23 a.m. ET (1323 GMT), after hitting a record high of $3,500.05 in the previous session. U.S. gold futures dropped 2.9% to $3,320.40.

Sentiment in wider financial markets improved and the dollar r...