Gold steadied near one-year lows on Wednesday as the dollar slipped, while lack of clarity over where a brewing trade spat between the United States and Europe is heading kept most markets range-bound.
Spot gold was up 0.6 percent at $1,231.14 an ounce at 1001 GMT. It touched $1,211.08 last week, the lowest since July last year, for a loss of more than 10 percent since April 11.
U.S. gold futures gained 0.1 percent to $1,226.20.
A sliding U.S. currency makes dollar-denominated gold cheaper for holders of other currencies, which potentially could boost demand.
European Commission President Jean-Claude Juncker will travel to Washington on Wednesday for talks focused on trade tensions with U.S. President Donald Trump. The U.S. has imposed tariffs on EU steel and aluminium.