Spot gold fell 0.4pc to $1,808.67 per ounce by 1:33 p.m. EDT (1733 GMT) after touching its highest level since Aug. 4. U.S. gold futures settled down 0.4pc at $1,812.2
The consolidation over the past few days suggests the formation of a top around a resistance at $1,795. Unless the metal unexpectedly breaks above this level on Friday