Spot gold rose 1.5 percent to $ 1808.16 an ounce by 1846 GMT, after hitting earlier in the session its highest level since February 16th..
US gold futures rose 1.7 percent to settle at $ 1808.40 an ounce.
The dollar recorded its lowest level in several years against the pound sterling and competing currencies on Monday, but the yields of record US Treasury bonds reached the highest level in a year, which increases the opportunity cost of owning gold that does not yield a return..
In addition to a $ 1.9 trillion aid package to mitigate the repercussions of Corona in the United States, which is expected to be approved by the end of the week, investors are awaiting testimony by Jerome Powell, Chairman of the Federal Reserve (US Central Bank), in the semi-annual monetary report to Congress on Tuesday..
Among other precious metals, silver jumped 3 percent to $ 28.02 an ounce, its highest level since February 2. Platinum settled at $ 1274.00 an ounce.
Palladium rose 0.9 percent to $ 2399.40 an ounce, after earlier hitting its highest level in more than a month at $ 2431.50.