Gold found support at $1,600 an ounce on Thursday, although it was capped by uncertainty over whether the European Central Bank will take bold action to tackle the region's debt crisis after the US central bank dashed hopes of any imminent stimulus.
Spot gold edged up 0.2 percent to $1,602.08 an ounce by 0631 GMT, after losing 0.9 percent on Wednesday. US gold futures contract for December delivery edged down 0.1 percent to $1,605.60.