SINGAPORE (REUTERS) -
"Gold edged down on Thursday, holding near a one-month low hit in the previous session, pressured by a slightly stronger dollar as investors await a policy meeting of the European Central Bank for fresh clues to its stance.
"The decline in gold prices has attracted some physical buyers in Asia, underpinning market sentiment.
"Stalemated negotiations in Washington between Democrats and Republicans to resolve the "fiscal cliff" are still the focus of the market. Neither offered any new compromise in public.
"The slow progress in the budget talks has provided little impetus for gold, contrary to what many traders had expected. Spot gold has fallen for seven of nine sessions. ..."