price stability," a dealer in Singapore said.
Outflows from gold exchange-traded funds - popular investment vehicles which issue securities backed by bullion - continued, with the largest, New York's SPDR Gold Trust, reporting a 1.5 tonne drop in its holdings on Tuesday.
Among other precious metals, silver was down 0.8 percent at $20.28 an ounce. The gold/silver ratio -- the number of silver ounces needed to buy an ounce of gold -- held at 65.9 on Wednesday, close to Friday's near three-year high.
Spot platinum was down 0.3 percent at $1,443.49 an ounce, while spot palladium was down 0.6 percent at $734.72 an ounce.
Aquarius Platinum said on Wednesday fourth-quarter production rose 22 percent boosted by improvements at its Kroondal mine in South Africa but warned of a still "difficult and complex" environment for platinum producers.
Platinum group metals have been supported during gold's fall this year by concerns over the prospect of supply disruptions from major producer South Africa, source of three out of four ounces of the world's platinum output.