Spot gold was seen trading at $1539.21 an ounce at 1.00 p.m Singapore time while US gold for August delivery marginally dripped to $1,540.90 an ounce.
Silver prices on the other hand made some progress as cash silver strengthened 0.6 percent to $37.055 an ounce.
Analysts said the precious yellow metal is likely to gain during the day as lingering euro zone concerns and weak US economic reports added to its safe haven appeal.
Other major economies including China and Euro region also showed weak manufacturing reports last month, adding to signs momentum is weakening in the global economy.
However, a recovering dollar Thursday might prevent the yellow metal from gaining further, analysts added.
The dollar improved as fears about the strength of the U.S. recovery lent some support to the greenback as a less-risky currency. The dollar tends to move inversely to dollar-priced commodities such as metals.
The dollar index which measures the greenback’s performance against a basket of six rival currencies, climbed to 74.803, from 74.740.
On Wednesday, gold futures settled higher. Gold for August delivery added $6.40, or 0.4%, to $1,543.20 an ounce on the Comex division of the New York Mercantile Exchange. For the latest updates PRESS CTR + D or visit Stock Market news Today
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