Precious Gold resumed its rise for a third session on Thursday as Fed minutes for March 18-19 meeting signaled that policymakers were not intense to raise interest rates soon.
The minutes did not include discussion about holding interest rates near its record low for a considerable time.
Also, many policymakers highlighted that expectations of raising interest rates might be overstated.
While markets became sure the Fed would continue their bond purchases withdrawal at the same pace of $10 billion a month, the timing of raising the borrowing cost is not clear yet.
Hence, demand on the shiny metal remained as investors resorted to the metal as a store of value against the undergoing low interest rates.
Later in the day, the BOE is predicted to hold its monetary stance this month amid the recent progress in economic data.
As of 12:30 GMT, a U.S. report may show initial jobless claims retreated to 320,000 in the week ended April 5 from 326,000 a week earlier.
On the political front, U.S. Secretary of State John Kerry said Russia is supporting separatists in Eastern Ukraine to justify military intervention as it is did in Crimea.
President Barack Obama is preparing to announce strong sanctions on Russia if it does not halt its intervention in Ukraine.
The renewed political woes in Ukraine has provided some haven demand on the yellow metal, helping it to remain near its highest in two weeks.
Meanwhile, gold is trading near two-week high around $1319.10 an ounce after hitting a high of $1321.17 and a low of $1310.65.
The U.S. dollar extended its losses versus a basket of major currencies to hover around 79.57 after hitting a low of 79.49.
Crude oil for May’s delivery rose to trade around $103.52 a barrel from the session’s opening of $102.37.