Spot gold showed a 0.1 per cent gain at $1,286.69 an ounce at 0935 GMT, while US gold futures for June delivery were up $10.50 at $1,288.60. Worries about the forthcoming French presidential election also kept investors on edge.
Rising global tension around Syria and North Korea have pushed gold prices to their highest level since November as investors shift to safe haven assets, RT reveals.
Futures on the precious metal jumped 1.6 percent during the regular session, bringing their year-to-date gain to above 10 percent.
Analysts at Vienna-based JBC Energy said that despite a "pretty bullish" looking EIA report, oil prices retreated on account of Opec's bullish stance on non-Opec supply, the outlook for which was upgraded by the cartel to a full-year growth figure of 580,000 bpd.
The unsteady dollar continues to push gold's increase to a 5-month high, the rising tension between the USA relationship with Russian and North Korea continues to drag the dollar down. US gold futures for June delivery ended 0.8% higher at $1,288.50.
Investors also bought the Japanese yen and US Treasuries, while the dollar index softened and stocks took a knock. America has moved a naval battle group closer to North Korea amid fears it may conduct a nuclear or missile test, and the Asian country warned of a nuclear strike if provoked. Meanwhile, the United States accused Russian Federation on Tuesday of trying to shield Syria's leader from blame for a deadly poison gas attack last week.
"Gold has finally broken and closed above its 200-day moving average at US$1,257.50, which now becomes a support".
Glass, Lundqvist help Rangers beat Canadiens 2-0 in Game 1
The team has great depth which gives them four effective lines to rotate through the game with some reliable players off the ice. Montreal pulled Price late in the third, but Michael Grabner settled the issue with an empty-net goal with 1:10 left to play.
From a technical perspective, gold faces strong near-term resistance at $1,291 an ounce, the location of a trendline declining from its 2011 record high of $1,920.30 an ounce, analysts said.
Trading volumes in wider markets have been light ahead of the long Easter weekend.
The uncertainty is supporting physical demand for gold, with holdings in SPDR Gold Shares, the largest exchange-traded fund backed by gold, rising 4.2 metric tons to 842.4 tons as of Tuesday.
"Donald Trump has already made many U-turns after his election, but yesterday's one is of primary concern to currency traders", said FXTM chief market strategist Hussein Sayed.
Among other precious metals, silver was up 0.1 percent at $18.52 an ounce, after touching a five-month high of $18.599 in the previous session.
The May crude contract was down 23 cents at US$52.85 per barrel and May natural gas contracts fell seven cents at US$3.17 per mmBTU. Platinum was 0.2 per cent higher at $970.85, while palladium rose 0.9 per cent to $804.