Gold struggled near its lowest in a week on Wednesday, holding steep overnight losses triggered by a stronger dollar and stock market, with traders now waiting for minutes of the Federal Reserve's last policy meet for clues on the U.S. rate outlook.
Spot gold had ticked up 0.2 percent to $1,209.20 an ounce by 0023 GMT, but was firm near the week's low of $1,205.39, reached on Tuesday. The metal lost 1.5 percent in the previous session, snapping a five-day rally.
Demand for bullion weakened as the dollar climbed to a two-week high against a basket of major currencies, with the euro tumbling on news the European Central Bank was looking to accelerate the pace of money printing to buy government bonds over the next two months.
ECB executive board member Benoit Coeure said the speed of the recent spike in bond yields was worrisome and that the ECB could "moderately" increase its buying in May and June so that it did not fall below its monthly buying target.