Tuesday would mark gold's eighth straight day of gains as investors seek safe havens in the face of instability in other financial markets, although liquidity was slow in Asia with China shut for a week-long Lunar New Year holiday.
Spot gold was up 0.2 percent at $1,193 an ounce by 0250 GMT. The precious metal rose as high as $1,200.60 on Monday, its strongest since June 22 last year.
Gold stayed near its highest since June at close to $1,200 an ounce on Tuesday.
Bullion gained 5 percent last week, its biggest such increase since July 2013, boosting gold bull expectations that the price can go higher as global headwinds could make it tough for the U.S. Federal Reserve to raise interest rates this year.
Asian stocks were scorched as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe haven assets.
For more information 2 Days Free Trial, please visit our site at www.capitalheight.com/bullion-premium.php or Call at 0731-6615050.