The precious metal hit a high of $1266.22 an ounce, while currently trading around $1259.33 from the opening at $1261.75.
Gold is currently taking advantage from the supportive monetary policy adopted by major central bank.
Dovish comments from Fed Chair Janet Yellen, which followed downbeat U.S. jobs report, lowered expectations of an interest rate hike next week.
Now, analysts believe the Fed would hike interest rates in July or even later in September, which could help non-interest bullion in the coming period.
The World Bank slashed global growth forecasts on Wednesday to 2.4 percent, down from 2.9 percent from January’s forecasts, adding more pressure on the Fed to hold rates.
Later in the day, U.S. initial jobless claims data may show a rise to 269,000 last week from 267,000 a week earlier.
The ECB kicked off its bond-buying program on Wednesday, which is aimed to boost inflation to its target, amid the low commodity prices.
Data released from China showed that inflation cooled in May, suggesting the central bank would will keep the supportive monetary policy in the coming months.
The green currency has fond some relief after hitting a one-month low of 93.42 to trade around 93.80, according to the dollar index.
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