Gold prices fell on Thursday in a tight range as investors sold for profit while the dollar and palladium rose from a record high in the previous session.
At 08:23 GMT, spot gold fell 0.2 percent to $ 1235.57 an ounce, while US gold futures fell 0.1 percent to $ 1240.8 an ounce.
The head of commodity research at GeoGit Financial Services in Kochi, India, : "Gold is approaching important levels at $ 1240, so some profit taking may occur at the technical level."
He added that the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and non-farm employment data expected on Friday keep gold investors cautious.
Federal Reserve policymakers are meeting the Federal Reserve on December 18 and 19, as interest rates are widely expected to be raised.
Palladium fell 2.3 percent in spot trade to $ 1215.43 an ounce, hovering near its record high of the previous session.
Silver fell 0.9 percent to $ 14.37 an ounce, while platinum continued its losses for a third straight session, dropping 1.4 percent to $ 789.24 an ounce.
