The improved economic numbers also strengthened the U.S. dollar, which also pressured commodity prices, including gold.
Moreover, after Chinese policy makers suspended the circuit-breaker system, China’s market slightly rebounded.
“Calmer markets in China and stabilization in the yuan have resulted in gold longs taking profit,” Georgette Boele, an analyst at ABN Amro Bank NV, told Bloomberg.
Market Vectors Gold Miners ETF
Max Chen contributed to this article.