“Technically, gold has broken down a key support level and it seems to be entering into a bearish trend,” she added.
Also on the radar, U.S. monthly retail sales data due later in the day.
Recent data showing a spike in U.S. consumer prices has benefited gold as it is seen as a hedge against inflation.
Spot gold may retest a support at $1,842 per ounce, a break below could cause a fall to $1,825, according to Reuters technical analyst Wang Tao.
Elsewhere, silver dropped 0.5% to $27.71 per ounce, palladium rose 0.2% to $2,756.68, while platinum slipped 0.3% to $1,161.
”, Margaret Yang, Avtar Sandu, Phillip Futures, Wang Tao
U.S . Federal, Investors, Phillip