By: Reuters
Spot gold [XAU= 1733.36 
-4.34 (-0.25%) 
]inched down 0.1 percent to $1,735.19 an ounce by 0034 GMT, after rising for two consecutive sessions.
Gold prices held steady on Thursday, supported by worries about the euro zone's debt crisis ahead of a rate decision by the European Central Bank and a key Group of 20 summit.
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Tom Grill | Iconica | Getty Images
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-4.34 (-0.25%) ]inched down 0.1 percent to $1,735.19 an ounce by 0034 GMT, after rising for two consecutive sessions.
U.S. gold [GCCV1 1732.20 
2.60 (+0.15%) ]gained 0.4 percent to $1,737.20.
2.60 (+0.15%) ]gained 0.4 percent to $1,737.20.
Investors will closely watch the rate decision by the European Central Bank![[cnbc explains]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tpFzC5cJckYv2Qgmy6Y7fs0qKQ0rPgTgcCIuXEmVR5r7YAvMHQyJ8lQ4PUuBolLxuEKLUvyjMhp65o-y3syavHJCkGm1ORNMcRadh8Tobuayioe5Iy-yks3260IfP7dVXQrb3YCaNnmws_MISzpttNUqCXX-qVOYaggVJOMhNl7JcEePrbUQDCRI24STwxdg=s0-d)
later in the day, after the U.S. Federal Reserve on Wednesday said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery but offered no new stimulus.
later in the day, after the U.S. Federal Reserve on Wednesday said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery but offered no new stimulus.
The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone.
A Group of 20 summit is to take place on Thursday and Friday, with Europe's debt crisis expected to dominate the talks.
Holdings of the iShares Silver Trust [SLV 33.25 0.92 (+2.85%) ], the world's largest silver-backed exchange-traded fund, edged down 4.07 tonnes from a day earlier to 9,776.14 tonnes by Nov. 2.
0.92 (+2.85%) ], the world's largest silver-backed exchange-traded fund, edged down 4.07 tonnes from a day earlier to 9,776.14 tonnes by Nov. 2.
U.S. stocks rebounded from two days of sharp losses on Wednesday after theFederal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.
said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.
The euro clung to overnight gains early in Asia on Thursday as the panicky reaction to Greece's plan to take a euro zone debt deal to a referendum faded somewhat ahead of the G20 summit.
Copyright 2011 Thomson Reuters. Click for restrictions.
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