Gold inched lower on Thursday, along with equities, as concerns set in about whether European leaders would be able to come up with a concrete plan to contain the region's crippling debt crisis at a crucial summit on Friday. Spot gold inched down 0.1 percent to $1,739.09 an ounce by 0721 GMT, after two consecutive sessions of gains.
US gold was little changed at $1,743.50. Spot palladium rose to $686 an ounce in the previous session, its highest since late September. Prices eased to $674.50, up 0.2 percent from the previous close.