Gold gained once again overnight, with the yellow metal trading a couple of dollars higher at US$1,164 an ounce.
Commerzbank also said that the failure of gold to hold the US$1,170 mark had sparked some technical selling.
Federal Governor Lael Brainard said that the US Federal Reserve should be in no rush to implement a first rate hike until it is clear the US economy can cope with a global economic slowdown, trouble in China and other international risks.
This had little impact on the gold price, however.
Elsewhere, platinum’s recent rally stalled a little. Having returned above US$1,000 an ounce the spot price was down US$2 to US$990 an ounce.
Spot silver was up a few cents at US$15.95 an ounce.
