Gold eased on Thursday, moving further away from a five-month high above $1,300 an ounce reached in the previous session, hurt by profit-taking ahead of a key European Central Bank meeting.
Spot gold fell 0.2 percent to $1,291 an ounce by 0027 GMT. The metal reached $1,305, its highest since August, on Wednesday. After a quick climb of about 9 percent this month, traders are adjusting positions ahead of the ECB policy meet.
The metal has rallied on safe-haven bids from political and economic uncertainties in Europe, along with concerns over the health of the global economy.