Gold firmed for the fourth straight session on Monday to its highest in more than two weeks, as the dollar extended losses and expectations rose that the Federal Reserve will hold off until at least September to raise interest rates.
Gold had dipped to a four-month low before the Fed met last week as concerns mounted over higher US interest rates, which could dent demand for non-interest-bearing bullion.
Spot gold hit its highest since March 6 at $1,190.70 an ounce and was up 0.7 percent, by 3:05 pm EDT (1705 GMT).
US gold futures for April delivery settled up $3.10 at $1,187.70 an ounce.
"All the gold bears are disappointed that there is not going to be a June rate hike, so now the speculation is going to focus on when the next rate hike is going to be," Citi analyst David Wilson said.
Platinum rose 1.1 percent to $1,146.75 an ounce, while silver gained 1.4 percent at $16.96 an ounce and palladium was down 0.5 percent at $772.50 an ounce.
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