Gold edged lower on Wednesday, moving away from a one-month peak hit in the previous session as U.S. economic data boosted the case for an interest rate hike by the Federal Reserve next month.

FUNDAMENTALS

* Spot gold was down 0.2 percent to $1,260.60 per ounce at 0101 GMT. It touched a one-month high of $1,270.47 before pulling back 0.3 percent on Tuesday.

* U.S. gold futures dipped 0.2 percent to $1,260.

* Two of the Federal Reserve's 12 regional banks supported raising the discount rate ahead of the central bank's May meeting, according to minutes of the discount rate discussions released on Tuesday.

* German consumer inflation eased more than expected in May to fall well below the European Central Bank's 2 percent target, data showed on Tuesday, taking some pressure off the ECB to wind down its monetary stimulus in the near term.

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