Gold managed to end May trading stronger following dovish statements from several Federal Reserve (Fed) policymakers.
During the Asian session, the precious metal traded at around $1,965 per ounce, down slightly from the $1,974 level it reached in the previous session.
A decline in the trading greenback and the US 10-year treasury yield has provided support for the yellow metal's strengthening.
This follows a statement from a member of the Fed's board of governors, Philip Jefferson, that a temporary halt in rate hikes will allow the central bank to see more data before extending tightening.
Also offering a similar statement, Philadelphia Fed President Patrick Harker advocated for a temporary halt to hikes at the June meeting.
Expectations for interest rates were lowered to a 30% chance from 70% following the statement.
However, investors will focus on the data that will be published for a clearer indication of the Fed's future policy setting.
