Gold traded near the highest in a week as Goldman Sachs Group said there is a chance US policy makers will delay raising interest rates well into next year.
Traders have pushed back their expectations of when the Federal Reserve will start tightening as a report last week showed US payrolls grew less than economists had forecast.
Gold added 0.2 per cent to $1,137.75 an ounce. Prices reached a one-week high of $1,142.07 on Monday. Silver gained for the fourth day, adding 0.2 per cent to $15.68 an ounce and trading near the highest since mid-July.
Higher rates curb the appeal of bullion, which does not pay interest or give returns like other assets such as bonds and equities.
