dollar movement, the dovish Fed and the ECB in the crosshairs

Thursday's gold hovered around a two-week high hit in the previous session, as the dollar struggled after the US Federal Reserve and the European Central Bank (ECB) announced rate stability of interest in a context of slowdown of the global economy.

The spot gold price was unchanged at $ 1,307.91 per ounce from 0110 GMT, after reaching its highest level since March 28 at $ 1,310.50 in the previous session.

US futures on gold fell about 0.2% to $ 1,311.80 an ounce.

The dollar remained close to its lows in two weeks as the Fed's minutes boosted Dovish policy expectations, while the pound sterling maintained its recent positions after European leaders extended the deadline for the Britain leaves the union, avoiding a Brexit without agreement.

The Fed will likely leave interest rates unchanged this year, given the risks to the US economy related to the global slowdown and uncertainty over trade policy and financial conditions, according to the minutes of its 19 as of March 20th.

ECB President Mario Draghi on Wednesday raised the prospect of greater support for the eurozone's troubled economy if its slowdown persisted, saying the central bank had "many instruments" to react.

US consumer prices rose to a 14-month high in March, but the underlying trend of inflation remained subdued due to slower domestic and global economic growth.

European Union leaders have agreed to grant British Prime Minister Theresa May a new Brexit deadline of October 31, officials said after French President Emmanuel Macron opposed deployed to give him another year.

German Finance Minister Olaf Scholz said finance executives should use this week's talks in Washington to avoid escalating trade disputes, with political risks posing the biggest threat to the slowdown in the global economy. .

The United States and China have largely agreed on a mechanism to control any trade agreement they reach, including the creation of new "control bureaus," said US Treasury Secretary Steven Mnuchin on Wednesday. .

The London Bullion Market Association (LBMA) is considering setting up an official gold and silver refinery committee, after some have complained that their interests are being ignored.