Gold prices inched down on Thursday, after upbeat U.S. economic data and hawkish comments from Federal Reserve policymakers raised prospects of the central bank sticking to its tighter monetary policy, boosting the dollar.
About half of the Fed's policymakers, including chairman Jerome Powell, used public appearances on Wednesday to show an increasingly unified view that the U.S. economy was not headed for any obvious potholes.
Further supporting the dollar was data showing strength in the U.S. job market, with service sector activity racing to a 21-year high in September.
Spot gold inched down 0.1 percent to $1,196.25 an ounce at 0447 GMT, after falling about 0.5 percent in the previous session. Prices held to a narrow range between $1,195.36 and $1,198.93 on Thursday.
U.S. gold futures were down 0.3 percent at $1,199.9 an ounce.
Source : CNBC