Gold remained around a 4-month low on Wednesday, after falling almost 1 percent in the previous session due to an increase in global stocks, while a stronger dollar piled up the pressure on the metal.
Gold spot It fell 0.1 percent to $ 1,286.38 per ounce, from 0104 GMT. In the previous session, the metal sank to $ 1,272.70, its lowest level since December 27.
Gold futures in the United States rose 0.1 percent to $ 1,278.10 an ounce.
Stocks worldwide rose to six-month highs on Tuesday, as positive economic data in China and Germany boosted investor confidence.
The euro slumped early on Wednesday after a report that some European Central Bank policymakers have expressed moderate views, with the market waiting for Chinese economic data to get more clues.
Asian stocks started cautiously on Wednesday, as investors anxiously awaited a large amount of Chinese data that could show that the political stimulus is finally gaining ground in the world's second largest economy.
China is expected on Wednesday to report that economic growth slowed at its weakest pace in at least 27 years in the first quarter, as policymakers try to avoid a sharper slowdown that could lead to job losses.
Gold, a non-profitable asset for investors seeking to protect themselves against times of economic and political uncertainty, loses its appeal when interest-generating stocks increase.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.23 percent to 752.27 tonnes on Tuesday from 754.03 tonnes on Monday.
The 12 regional banks of the Federal Reserve of EE. UU They supported the continued maintenance of the interest rate that commercial banks charge for emergency loans before the last central bank policy meeting, records of the discussions showed on Tuesday.
Japan's Economy Minister Toshimitsu Motegi said on Tuesday that no agreement had been reached on individual trade issues with the United States after two days of talks with the US Trade Representative, Robert Lighthizer.
Standard Chartered predicted on Tuesday the widening of the palladium market deficit in 2019 and 2020.