Gold lacklustre as dollar gains ground with cenbanks in focus

GOLD prices hovered on Thursday below the previous session's one-week high, as the U.S. dollar regained ground ahead of major central bank meetings as their economies grapple with broadening inflationary risks.

Spot gold was down 0.1% at $1,805.58, as of 0539 GMT, after rising to $1,810.86 in the previous session, its highest since Jan. 27. U.S. gold futures fell 0.2% to $1,806.10.