NEW YORK July 14 (Reuters) - U.S. gold futures turned higher again on Wednesday when the euro also reversed course to reach a fresh two-month high against the dollar as investors concerns over U.S. economic growth heated up after U.S. retail sales fell for the second month in a row, traders said. * For the latest detailed report, click on [GOL/]. GOLD * August COMEX gold futures GCQ0 advanced $3.00 to $1,216.50 an ounce at 11:15 a.m. EDT (1515 GMT) on the COMEX metals division of the New York Mercantile Exchange. * Range extended from $1,206.10 to $1,218.20 an ounce. * On Tuesday, August gold advanced to its highest level since July 1 at $1,218.80. * In that run up, gold pierced briefly above the 50-day moving average - traders. * It's hasty retreat off of Tuesday's high set up for more downside rather than a push to increased gains - traders. * As a result, some players took profits in early Wednesday business - traders. * But, when the euro suddenly reversed course to turn higher against the dollar, gold followed it higher - traders. * The euro hit a two-month peak against the dollar, reversing earlier losses, as investors feared the U.S. economic recovery was slowing following some weak U.S. retail sales data. [USD/] * Sales at U.S. retailers fell in June, pulled down by weak receipts at automotive dealers and gasoline stations, adding to evidence the economic recovery was proceeding at a moderate pace. [ID:nN1350097] [ID:nCLAEIE621] * Gold remained in the the range developing since July 1. * A definitive break above resistance could send gold up to its all-time high at $1,266.50 on August futures. * Gold's current range support stands at $1,185 an ounce, the 6-1/2-week low hit on July 7 - chartists. * A violation of support could lead to $1,134 - chartists. * COMEX estimated 9:00 a.m. EDT (1300 GMT) gold volume at 29,792 lots. * Spot gold XAU= raced up to $1,216.0 an ounce by 11:16 a.m. from the previous session's late quote at $1,210.65 an ounce. * London morning gold fix XAUFIX= was set lower at $1,207.0 an ounce. SILVER * COMEX September silver SIU0 rallied 19.30 cents to $18.45 an ounce. * Range spanned $18.1150 to $18.49 an ounce. * COMEX estimated 9:00 a.m. EDT silver volume at 10,320 lots. * Spot silver XAG= eased to $18.17 an ounce by 10:24 a.m. EDT (1424 GMT) from $18.20 late in the previous session. * London silver fix XAGFIX= was set at $18.29 per ounce. PLATINUM * NYMEX October platinum PLV0 fell $8.20 to $1,527.20 an ounce. * Spot platinum XPT= was lower at $1,523.0 an ounce, slightly lower than the previous late bid at $1,524.50 an ounce. PALLADIUM * September palladium PAU0 lost $3.0 to $466.15 an ounce. * Spot palladium XPD= at $462.73 per ounce was barely lower than $463.0 an ounce late in the previous session. (Reporting by Carole Vaporean; Editing by Marguerita Choy )

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