Gold breaks a three-day winning streak, with investors appearing less hungry for safe havens and more willing to a adopt risk-on mindset, says Antonio Di Giacomo of XS.com in a note.
"This pullback is primarily attributed to the strengthening of the U.S. dollar, driven by a series of favorable economic data reaffirming the American economy's robustness," says Di Giacomo.
He adds that volatility in world affairs continues to be a factor driving money into gold.