Gold edged lower on Thursday, weighed down by a stronger dollar and an uptick in equities, while investors awaited the conclusion of the European Central Bank (ECB) policy meeting later in the day for further cues on the health of the economy.
Spot gold was down 0.2 percent at $1,278.97 an ounce at 1118 GMT. U.S. gold futures were down 0.4 percent at $1,278.20.
A stronger U.S. dollar,, another refuge for investors, makes gold more expensive for holders of other currencies. The dollar index was up 0.3 percent against a basket of currencies on Thursday.