On the Comex division of the New York Mercantile Exchange, gold fell June delivery rate of $ 3.50 or the equivalent of 0.29%, to trade at $ 1,189.00 a troy ounce during European morning trade.
On the previous day, gold prices surged to US $ 1,183.50 per ounce, a level not seen since the gold April 1 before they settle at $ 1,192.60 per ounce, down by 6.70 cents, or equivalent to 0.56%.
And was likely to find support gold at $ 1,180.50 an ounce, the lowest price since April 1 and resistance at $ 1,209.30 per ounce the highest price since April 13.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.45% to trade at 99.45 early Wednesday after the lowest level recorded at 98.58 on Tuesday.
The dollar regained some of its losses after the US Commerce Department announced on Tuesday that retail sales rose 0.9% last month, disappointing expectations for an increase of 1.0%.
The data fueled speculation that the Federal Reserve may delay interest rates for a long time until the end of 2015, instead of a monetary tightening policy through the middle of the year. Gold investing news