Gold ticks lower, US inflation data in spotlight

Gold fell on Wednesday after scaling a more than three-month high in the previous session, as investors awaited a key U.S. inflation report to gauge the Federal Reserve's interest-rate path.

Spot gold XAU= fell 0.6% to $4,626.79 per ounce, by 0625 GMT. Prices climbed to their highest since mid-May on Tuesday after last week's sharp gains following the U.S. Treasury's bond buyback announcement.

U.S. gold futures GCcv1 lost 0.2% at $4,683.60.

Spot gold may retest a resistance at $4,681, a break above which may trigger a gain into the range of $4,707 to $4,743, according to Reuters technical analyst Wang Tao.

Spot silver gained 0.2% to $68.75, platinum rose 0.3% to $1,863.58 and palladium firmed 0.7% to $1,335.54.