Gold extended gains into a second session on Thursday after Janet Yellen, likely the next chair of the Federal Reserve, indicated the US central bank would continue to support the economy through its stimulus measures. Prices had fallen sharply in the four sessions through Tuesday after strong US economic and jobs growth data raised fears the Fed could begin tapering its stimulus in December.
Spot gold rose 0.2 percent to $1,281.49 an ounce by 0752 GMT, after snapping a four-day losing streak on Wednesday with a gain of nearly 1 percent. US gold advanced as much as 1.6 percent, tracking spot gold. Silver futures rose about 2 percent.