Gold rose by more than 1 percent on Tuesday as European shares fell and inflows into bullion funds continued, boosting prices.
Assets in SPDR Gold Trust, the top gold-backed exchange-traded fund (ETF), rose more than 19 tonnes to 752.29 tonnes on Monday, the highest since March 2015.
The fund's inflows since the beginning of the year have already surpassed outflows for the whole of 2015.
Spot gold was up 1.1 percent at $1,221.70 an ounce. Prices had fallen 1.6 percent on Monday, when the dollar and equities rallied.