Gold futures fell Thursday morning, trimming some recent gains despite signs the U.S. election will be tight.

Gold was down 16 dollars at $1291 an ounce, slipping from a monthly peak above $1300.

Bank of England policymakers voted unanimously to keep its key interest rate and asset purchase programme unchanged on Thursday.

The bank raised both its growth projection and inflation forecasts as the depreciation of sterling lifted import prices, while boosting exports.