Gold prices edged down on Thursday, after hitting their highest in over a week in the previous session, as the dollar steadied on expectations of rising U.S. interest rates.
Spot gold was down 0.3 percent at $1,191.87 an ounce at 01:02 GMT, after hitting $1,201.51, its highest since Aug. 13 in the previous session.
U.S. gold futures were down 0.3 percent at $1,200 an ounce.
U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Federal Reserve’s last policy meeting showed on Wednesday.
Rising interest rates lift the opportunity cost of holding non-yielding metal while boosting the dollar, in which it is priced.