NEW YORK ( TheStreet ) -- Gold prices were wavering Wednesday as investors found few triggers to continue buying after Tuesday's Greek bailout-driven surge. Gold for April delivery was falling $1.20 at $1,757.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,761.80 and as low as $1,750.70 an ounce while the spot price was down $5.90, according to Kitco's gold index. Silver prices were falling 20 cents at $34.22 an ounce while the U.S. dollar index was up 0.12% at $79.201. On Tuesday, Greece secured a second, €130 billion bailout package -- helping push the Dow briefly above the key psychological 13,000 mark. Gold for April delivery closed up $32.60 at $1,758.50 an ounce.
"Some profit taking after yesterday seemed inevitable," said George Gero, senior vice president with RBC Wealth Management. Two reports from Markit Economics on manufacturing activity in Europe and China were suggested continued troubles for the world's largest economies. Eurozone business activity dipped to 49.7 in February from 50.4 in January according to Markit Economics' purchasing managers index. Analysts had expected an increase to 50.6. Any reading below 50 suggest economic contraction. Markit Economics' purchasing managers index on China manufacturing came in at 49.7 in February, rising marginally from 48.8 in January. "Growth remains on track of slowdown, despite the marginal improvement in the headline flash PMI led by quickened production after the Chinese New Year," said Hongbin Qu, chief economist at HSBC. "With a meaningful rebound of domestic demand not in sight, external weakness is starting to bite, adding more downside risks to growth." Gold mining stocks were trading mixed Wednesday. Kinross Gold ( KGC) was down 0.7% at $11.28 while Randgold Resources ( GOLD) was up 0.5% at $113.73. Agnico-Eagle ( AEM) was gaining 1.4% at $37.06 and Eldorado Gold ( EGO) was losing 0.4% at $14.34. -- Written by Ross Tucker in New York. >To contact the writer of this article, click here: Ross Tucker. >To follow the writer on Twitter, go to http://twitter.com/rosstucker. >To submit a news tip, send an email to: email@example.com.