The yellow metal continued to weaken in the Asian session amid stronger US dollar trade.
At the time of writing, spot gold was trading lower at around $2,010 per ounce, while gold futures were gloomy at $2,015 per ounce.
Gold initially saw an increase at the start of the New York session following the release of gloomy US economic data.
The US producer price index (CPI) also moderated to 2.3% in April from 2.7% previously, with the smallest annual increase in 2 years.
In addition, US jobless benefit claims jumped to a one-and-a-half-year high last week.
However, the gains were reduced again which saw the precious metal slip lower as the US dollar continued to show strengthening.
