The most active gold contract for June delivery fell 8.50 U.S. dollars, or 0.42 percent, to close at 1,996 dollars per ounce.
Economic data released Wednesday dampened gold. The U.S. Commerce Department reported that U.S. durable goods orders grew 3.2 percent in March after tumbling by a revised 1.2 percent in February. Economists had expected durable goods orders to climb by 0.8 percent.
U.S. trade deficit in goods shrank 8.4 percent in March to a four-month low of 84.6 billion dollars, potentially giving a small lift to gross domestic product in the first quarter due out on Thursday. The trade gap in goods declined from 92 billion dollars in February.
The Federal Reserve's May policy meeting is scheduled on May 2-3.
Silver for May delivery fell 0.60 cents, or 0.02 percent, to close at 24.876 dollars per ounce. Platinum for July delivery rose 7.80 dollars, or 0.71 percent, to close at 1,106 dollars per ounce.
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