Gold jumped more than 1 percent on Tuesday as investors sought assets seen as havens from risk as political and security tensions rose over North Korea, the Middle East and the looming French election.
Global tensions escalated on Tuesday when Western countries were joined by Middle Eastern allies in a push to isolate Syrian President Bashar al-Assad following a chemical attack in the country last week.
This combined with uncertainty about the result of the upcoming French presidential election to boost demand for safe-haven assets among jittery investors.
"Tensions in the Middle East haven't receded and various other geopolitical stories can be put together which help support the price of gold," said Natixis precious metals analyst Bernard Dahdah, adding French elections were also a risk factor.
"But typically (safe-haven buying) will not have an impact on the long term on gold," he cautioned.
Investors also bought the Japanese yen and U.S. Treasuries, while the dollar index fell and stocks took a knock.