Spot gold was down 0.1 percent at $1,329.04 per ounce at 0335 GMT. The yellow metal rose 0.5 percent on Tuesday to break a three-session losing streak.
U.S. gold futures eased 0.2 percent to $1,330.60 per ounce.
• The dollar index, which measures the greenback against a basket of currencies, was up 0.1 percent at 90.816, just below 91.076 hit in the previous session, its strongest level since Jan. 12.
• “As traders put geopolitical and trade risk in the rear-view mirror for the time being, how the dollar flourishes and wilts will be the primary driver of near-term gold sentiment,” said Stephen Innes, APAC trading head at OANDA.
• “I think that the downward trend (in gold prices) will continue for the next few days...” ahead of a meeting between leaders of North Korea and the South, said Ji Ming, chief analyst at Shandong Gold Group.
• North Korean leader Kim Jong Un is due to hold a summit with South Korean President Moon Jae-In on Friday, and is expected to meet with U.S. President Donald Trump in late May or early June.
Trump said on Tuesday the United States would likely reach a trade agreement with China and that officials from both sides would sit down for negotiations in a few days.
• In other precious metals, platinum was down 0.1 percent at $925.24 an ounce.
Palladium fell for a third straight session, down 0.5 percent at $969.75 an ounce.
Spot silver dropped 0.2 percent to $16.68 an ounce.
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