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Gold prices calmed first gains on Thursday as the US dollar climbed against the Chinese yuan as forecasts for the world's second-largest economy were bleak.
At 07:55 GMT, gold fell 0.3% to $ 1227.61 an ounce (ounce). Earlier in the session, the yellow metal reached $ 1235.16, its highest level in more than a week supported by positive trade negotiations between the United States and the EU
The yuan fell 0.6% to $ 6.7910. A frenetic trade dispute between China and the United States, signs of an economic slowdown and Beijing's measures to ease monetary conditions have had a negative impact on the yuan's outlook.
However, the weakness of Chinese markets illuminates concerns about global growth prospects.
Investors are also turning to the ECB meeting later in the day and US economic growth data for the second quarter on Friday.
Palladium reached its highest level in over a week at 941.10 in the previous session
Platinum fell 0.5% to $ 836.10 an ounce
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