Gold prices fell 1.3% to $3,274.10 an ounce on Wednesday, marking the second consecutive day of decline.
This drop is attributed to a stronger dollar and reduced US-China trade tensions. Despite this dip, gold is on track for its fourth straight monthly gain, up nearly 5% in April.
Market analysts suggest gold may be entering a consolidation period after recently hitting a record high of $3,500.05 on April 22.
Investors are now focusing on upcoming US economic data, including personal consumption expenditures and non-farm payrolls, which could influence Federal Reserve interest rate decisions.

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