Gold hits its lowest level in a week

By 07:26 GMT, spot gold fell 0.1 percent to $ 1326.11 an ounce.

The precious metal hit its lowest level since Jan. 12 at $ 1323.70 an ounce earlier in the session.

In the previous session, gold fell 0.8 percent, posting its biggest daily percentage loss since Dec. 7.

Gold futures in February fell 0.9 percent to $ 1326.60 an ounce.

US industrial production rose more-than-expected in December as unusually cold weather at the end of the month bolstered demand for heating, but manufacturing production was only slightly higher, signaling an average growth of the industrial sector.

The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, rose 0.33 percent to 90.844 after hitting 90,113 on Wednesday, its lowest level since Dec. 31, 2014.

Among other precious metals, spot silver fell 0.1 percent to $ 16.99 an ounce, while palladium dropped 0.4 percent to $ 1110.99 an ounce.

Platinum fell 0.1 percent to $ 996.20 an ounce after hitting its highest since September 8 at $ 1006.60 an ounce in the previous session.