Gold rose on Wednesday as the dollar traded near its lowest level in five months, where the metal is headed for its biggest quarterly gain in three decades.
The precious metal hit a high of $1235.82 an ounce, while currently trading around $1234.07 from the opening at $1225.19.
The yellow metal soared on Tuesday after Yellen said the Fed would adopt a more cautious interest rate hike path, but then retreated on Wednesday due to profit taking and gains in equities.
European shares dropped, where STOXX 600 fell 0.96 percent to 337.91 points, as oil prices extended its drop for a seventh straight session.
Meanwhile, the green currency is doing attempts to rebound from a five-month low of 94.55, hovering around 94.63, according to the dollar index.
Data released on Wednesday showed private sector employers created 200,000 jobs last month, but failed to uplift the dollar.
Later in the day, the U.S. will release its weekly unemployment claims and Chicago PMI data, while FOMC member William Dudley will deliver a speech at the Virginia Association of Economists Annual Meeting in Lexington.
Analysts predict the NFP to show American employers created 206,000 jobs in February, while jobless rate lingered at 4.9 percent.
So far, the yellow metal has gained 16 percent in the first quarter of 2016, headed for its biggest quarterly advance in three decades.
