Gold prices steadied in Europe on Wednesday as the metal’s slide to a seven-week low in the previous session prompted buying of physical stocks of the precious metal.

A persistently firmer tone to the dollar, which hit its highest level since early September versus the euro on Tuesday, is limiting further gains, however.

Spot gold was bid at $1,085.20 (U.S.) an ounce at 9:23 a.m. GMT, against $1,083.55 late in New York on Tuesday.