Gold falls below $1,800 despite falling dollar

Gold prices fell on Wednesday, and gave up the $1,800 barrier once again, despite the US dollar's drop and the release of weak economic data.

Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.

The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program, as inflation seen the largest slowdown in 6 month.

The dollar index fell against a basket of major currencies by less than 0.1% to 92.5 points as of 17:53 GMT, after hitting a high of 92.6 points and a low of 92.4 points.

As of 17:53 GMT, gold spot prices fell 0.7% to $1,794.1 an ounce, after hitting a high of $1,808.5 and a low of $1,792.2.