Gold prices gained amid a weaker dollar and a firmer euro on Thursday, with the market expecting the European Central Bank to taper monetary stimulus at a meeting later in the day.
Spot gold was up 0.3 per cent at $1,280.42 an ounce by 0618 GMT. US gold futures for December delivery rose 0.2 per cent to $1,281.80 an ounce, reports Reuters.
The dollar's losses were seen limited, as the US currency was broadly drawing support from strong Treasury yields, progress in tax reforms and speculation that next Federal Reserve chair could be a policy hawk.
Spot gold may edge up to a resistance at $1,283 per ounce, a break above which could lead to a gain to $1,289, Reuters technicals analyst Wang Tao said.
In other precious metals, silver rose 0.5 per cent to $17 an ounce.
Platinum was nearly unchanged at $919.75 an ounce, while palladium climbed 0.8 per cent to $967.80 an ounce.
