Gold steadied on Wednesday on fears the eurozone debt crisis could engulf Italy even after Prime Minister Silvio Berlusconi said he would resign, paving the way for a new leader to act more aggressively to tackle the country's debt problems.
Gold added 0.15 percent to $1,787.50 an ounce by 0639 GMT, but was off Tuesday's high of $1,802.60, its strongest since late September, as investors were cautious over the success of Europe's efforts to tamp down its debt crisis. US gold fell 0.54 percent to $1,789.50 an ounce.