The precious metal hit a high of $1248.56 an ounce on Monday, while currently trading around $1240.90 from the opening at $1244.86.
The yellow metal ended higher for a second straight session on Monday after cautious remarks from Fed Chair Janet Yellen.
Yellen’s cautious comments about the labor market raised expectations the Fed would not raise interest rates next week.
American employers created the fewest number of jobs in more than 5-1/2-years in May, helping gold to generate its biggest one-day gain in four months on Friday.
Gold soared in June after it lost 6 percent in May after hawkish comments from Fed officials, which boosted the dollar to its highest level in more than two months.
The green currency dipped to 93.81 against a basket of major currencies from the opening at 93.96, according to the dollar index.
The dollar retreated against the euro after a report showing euro area first quarter GDP was revised up to 0.6 percent from the initial reading of 0.5 percent.
Asian shares climbed to a five-week high as Yellen’s remarks eased concerns about capital outflow from the region.
Crude oil futures resumed its rise for a second consecutive session to $49.90 a barrel, highest level in more than 10 months, giving an impetus to energy shares.
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