Gold prices edged lower on Thursday as the U.S. dollar hovered near multi-week highs, while investors awaited clues on monetary policy easing from leading central banks to shore up global economy.
Spot gold was down 0.2% at $1,422.31 per ounce, as of 0120 GMT.
U.S. gold futures were steady at $1,423.50 an ounce.
The dollar index was relatively unchanged against a basket of major currencies, after hitting a five-week peak in the previous session.
Investor focus shifted to the European Central Bank (ECB) meeting due later in the day and a widely expected interest rate cut from the U.S. Federal Reserve next week, which are expected to dictate the tempo for currencies and bond yields in coming months.
Source : Reuters