Spot gold slipped 0.1 percent to $1,195.90 an ounce by 0253 GMT, but trading is expected to be thin with the U.S. markets closed for Thanksgiving.
The metal dipped 0.3 percent on Wednesday as bearish market sentiment offset a drop in the U.S. dollar.
U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth. But other data on Wednesday showed consumer confidence approaching a 7-1/2-year high in November.
Outflows from SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, resumed after a week, dragging on prices of the precious metal. Holdings fell 0.29 percent to 718.82 tons on Wednesday - near six-year lows.
Read MoreGold price eyed as investors await Swiss vote
Traders are now waiting for Sunday's Swiss vote on central bank gold reserves for more trading cues.
The vote is aimed at preventing the Swiss National Bank from offloading its gold holdings and obliging it to hold at least 20 percent of its assets in gold, compared with 8 percent last month. The most-recent opinion poll showed support among Swiss voters for the initiative had slipped to 38 percent.
If a 'yes' vote is passed, the Swiss central bank would have to buy about 1,500 tons of gold over the next few years, analysts say, boosting bullion prices.