Gold futures rose, erasing earlier losses, as the dollar pared gains, boosting the appeal of gold as an alternative asset.
The dollar slid less than 0.1 percent against a basket of 10 currencies after rising as much as 0.2 percent. Gold futures were also helped by a Bank of England vote to keep the benchmark rate at a record-low 0.5 percent for now, George Gero, a vice president of global futures at RBC Capital Markets in New York, said by telephone.
Gold futures for December delivery advanced 0.1 percent to $1,086.60 an ounce at 9:37 a.m. on the Comex in New York. The metal fell as much as 0.3 percent earlier.