Platinum and palladium both jumped by more than 4 percent as investors scrambled for position as the new year got under way. 

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The themes of late 2016 appeared to be persisting in the wider markets, with equities rising while the dollar index touched a 14-year high boosted by strong economic data.As the session progressed, the dollar and equities pared gains, supporting gold prices. 

Spot gold was up 0.6 % at $1,159.06 an ounce by 2:17 p.m. EST (1917 GMT), while U.S. gold futures for February delivery ended the session up 0.9 % at $1,162.The metal fell sharply in the wake of Donald Trump's victory in November's U.S. presidential election, sliding by more than 12 % in the fourth quarter.