Gold has fallen 1.5 percent this week as it slipped from a April 17 high of $1,295.42. On Wednesday, gold prices bounced up from a two-week low after Trump proposed slashing the US tax rate on corporate profits. "The lack of follow-through from last night's markets had to do with the ECB and strength in the dollar putting a hold on gold," said Bob Haberkorn, senior market strategist for RJO Futures in Chicago. "We've seen a strong rally in stocks and US bond yields move up again, and we have almost had a day without North Korea being mentioned," he said.
In other precious metals, silver was down 0.8 percent at $17.32 an ounce, after falling to $17.21, the lowest since March 17. Spot palladium was up 0.9 percent at $815.50, after rising to $817.50, the highest since March 2015, while platinum was down 0.7 percent at $940.