Gold remained above a three-week low on Thursday, as the dollar and European shares fell after the European Central Bank left key interest rates unchanged, but better-than-expected U.S. jobs data weighed.
The ECB held rates at record lows as it seeks to revive growth and inflation with cheap credit to the economy. It added that it still expects its key interest rates to remain at present or lower levels for an extended period. ECB President Mario Draghi told a post-meeting news conference that the euro zone's central bank was prepared to take more action to lift inflation and economic growth if necessary.
"September's meeting has become even more important and expectations will be running sky-high that the bank will do more QE (quantitative easing)," ThinkMarkets chief analyst Naeem Aslam said.