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Are You Buying Gold?

Tom Grill | Age Fotostock | Getty Images

Gold eased on Thursday, sticking to tight ranges after the European Central Bank left interest rates unchanged and as the focus turns to an imminent press conference that could give further clues on monetary policy.

Platinum and palladium stayed close to their highest levels in almost a year and a half, boosted by a brightened economic outlook. The world's largest PGMs miner Anglo American Platinum also rejected criticism of its plan to mothball two mines and slash up to 14,000 jobs to restore profits.

Gold hit an intraday high at $1,680.95, before edging lower to trade down about 0.50 percent, near $1,668 an ounce.

U.S. gold for April delivery dipped below $1,669 an ounce, while a weaker Japanese yen against the dollar sent gold futures on Tokyo Commodity Exchange to another record at 5,081 yen a gram overnight.

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— Reuters contributed to this report

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