Bullion fixed at $386.90 an ounce, compared to $386.80 on Wednesday afternoon and a London close of $387.00/$387.50.
London and Hong Kong markets will be closed on Monday for holidays.
That's not going to help. But there hasn't been any interest for the past two days anyway, a dealer said, pegging gold's near term support at $386. Below the market, trade buying was expected to kick in, while around $390 producers were keen to sell, dealers said. But this level is a no man's land, one added.
Bids so far were quoted between $386.95 and $386.05.
The market was expected to ignore results of a meeting yesterday of the Bundesbank's policy making council. Market speculation was that the central bank could cut a key money market rate.
I don't see it making any difference. If the FOMC (US Federal Open Market Committee meeting) this week didn't impact gold, I don't see why the Bundesbank should, a dealer said. Silver was unchanged from Wednesday's London close at $5.19/$5.21 an ounce.
Since rallying higher earlier this week, silver's trading range has shifted up about 10 cents to $5.15-$5.25.
But it has failed to attract follow-through buying and could well drift to the low end of that band, dealers said.
Platinum prices were also unmoved at $398.50/$399.50, while palladium was $0.25 lower at $124.75/$125.75.
Palladium has edged up since slumping to 2-1/2 year lows earlier in the week, but has failed to find support from industry buying.
European precious metals opened mostly easier in a thin and quiet tradingwith dealers doubting the recent upward move in silver, which helped pull up the entire market, would be sustained.
There hasn't been any follow-through buying in silver so I expect prices to crumble, a dealer said in Zurich.
Earlier this week silver hit 525 on short-covering after some large buying. Since then, however, prices have eased. Silver opened at 518/520 cents compared with its previous close of 519/521 in London.
Gold also opened easier at $386.65/387.15 from London's $387.00/387.50.
