Federal Reserve officials on Wednesday continued to flag in December as a time weighted average interest rates in the United States to rise after seven years is close to zero, but the central bank indicated an intention to move forward slowly but steadily after that.
High rates tend to influence the gold, also raise the opportunity cost of holding non-yielding gold, while the dollar, which strengthened its pricing. Expectations that prices will rise pushed gold prices by 9 percent this year.
Gold was up 1 percent to $ 1,081.01 an ounce at 02:51 EST (1951 GMT), after rising as much as 1.5 percent to $ 1,086.10. Metal hit its lowest level since February 2010 on Wednesday at $ 1,064.85.
Settled futures US gold for December delivery rose 0.9 percent to $ 1,077.90.
"It was a unification (today) and certainly with the weak dollar, which took one of the biggest burdens of gold away," said Bill O'Neill, co-founder of investment goods for the company Logic Advisors in New Jersey.
"It's a case of sell the rumor, buy the news today, and this certainly should not be taken as a signal that the market bottom."
Gold gains and reduced prices after the head of the Reserve Bank of Atlanta Dennis Lockhart said the central bank may be moving towards "slow ... to stop" trying to raise prices after the first tightening cycle begins in about ten years.
"I think that this is the pre-Thanksgiving holiday week short cover, which has its roots in the minutes of the Federal Reserve yesterday," Simon Weeks, head of precious metals at the Bank of Nova Scotia.
"(This) is still basically involves raising in December, but they changed the formula a bit, and this may make people think that it might not be such a bet in one direction after all."
The dollar fell against most other major currencies, with some analysts argue that now take longer than expected to work next month on US monetary policy to drive higher.
Major stock markets in Europe and Asia rose, while US stocks were little changed.
The silver 0.4 percent to $ 14.23 an ounce.
Platinum was up 0.5 percent to $ 851.49 an ounce, recovering from its lowest level on Wednesday for seven years and reached in spite of the projected deficit this year.
The palladium rose 0.8 percent to $ 537.60 an ounce after falling to its lowest level since late August at $ 523.35.