Gold for June delivery climbed 0.3% to $1,291.90 a troy ounce on the Comex division of the New York Mercantile Exchange, closing at the highest since November 4.
A rise in geopolitical risks surrounding North Korea's nuclear and ballistic missile provocations is causing a surge in gold prices and fueling trade in the precious metal, the local exchange said Sunday.
The dollar dipped fractionally versus the yen, with worries that U.S. currency manipulation complaints could touch Japan, overshadowing comments by U.S. Treasury Secretary Steven Mnuchin that a strong dollar was positive in the long term.
Spot gold was down 90 cents at $1,288.39 per ounce as of 0055 GMT.
Benchmark Brent crude futures were down 43 cents at $55.46 a barrel, while USA crude futures were down 45 cents at $52.73. The last bull market ran from 2001 to 2011 a saw the dollar price of gold move from $300 to $1,900.
Silver futures declined 0.242 dollar or 1.3 percent to close at USD 18.31 per troy ounce at the COMEX.More news: Opposition to challenge votes on expanding Erdogan's powers
Platinum rose 0.3 percent to $982.50 per ounce, while palladium dropped 0.3 percent to $785.95.
USA retail sales dropped more than expected in March while annual core inflation slowed to 2.0 percent, the smallest advance since November 2015, from 2.2 percent in February, data showed on Friday.
Meanwhile, the 10-year U.S. Treasury yield was at around at 2.21%, after falling to a low of 2.165% Tuesday, the lowest since November 10.
Gold edged lower on Wednesday as the dollar gained, but tensions over North Korea and upcoming French and United Kingdom elections underpinned investor demand in the safe-haven asset.
Investors are also carefully monitoring statements made by U.S. Federal Reserve members in anticipation of the next possible rate hike. "(U.S. President Donald) Trump is talking it down and we're seeing weakness creep into U.S. data, changing the perception of how much rates have to rise".
The United States, its allies and China are working together on a range of responses to North Korea's latest failed ballistic missile test, Trump's national security adviser said on Sunday, citing what he called an worldwide consensus to act.