India, Aug. 6 -- Gold edged lower on Wednesday due to profit taking after four days of gains.

Spot gold fell half a percent to $3,365.01 per ounce in European trade while U.S. gold futures were down 0.4 percent at $3,419.85.

The dollar index edged lower, and Treasuries steadied after dropping in the prior session as investors reacted to weak U.S. services activity data released overnight and looked forward to President Donald Trump's decision on Federal Reserve appointments.

Trade tensions were also in focus after Trump called a pledge of investment totaling $600 billion made in the EU-U.S. trade deal a gift and threatened the EU with 35 percent blanket tariffs if it fails on the pledge.

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