00:00 - Intro: Gold Hits Record $3,800 vs. a 3.8% U.S. GDP Report 

The precious metals markets experienced a notable correction on Wednesday as gold futures retreated from near-record levels amid renewed strength in the U.S. dollar.

Gold demonstrated sustained bullish momentum on Tuesday, with gold futures extending their winning streak to three consecutive sessions. The December gold contract settled at $3,796.90, marking a gain of $15.70 or 0.42% for the session.