• Print
• E-Mail

Traders were also keeping an eye on the price of crude oil, which can trigger moves in gold. London Brent crude was slightly up at $70.72 a barrel.

Analysts who follow historical price charts said the recent heavy sell-offs in gold and silver had left both markets vulnerable to further sharp declines and may have delayed their return to a longer-term bullish trend.

"The moves that we have seen over the past couple of days have resulted in a chart picture deteriorating quite a bit," Karen Jones, head of technical analysis at Commerzbank, said.

Many analysts were looking for further falls down to $630 and possibly lower.

Silver, which fell to its lowest in five months on Wednesday, also stabilized in line with gold. Prices gained to $12.43/12.47 an ounce from New York's previous $12.26/12.29.

Platinum moved up to $1,273.50/1,280.50 an ounce, recovering from a low of $1,259.50 marked the previous session. It was at $1,266.10/1,273.10 in late New York.

Spot palladium was at $363/367 an ounce, compared with $360.75/364.75.