• Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as investors continued preparing their positions for the United Kingdom to exit the Eurozone.
• The most active gold contract for April delivery rose 3.8 U.S. dollars, or 0.31 percent, to settle at 1,234.00 dollars per ounce.
• The market's focus on Monday was primarily on weakness in the U.S. dollar near the beginning of the trading session, but as of 1700 GMT, the U.S. dollar had regained its position and was positive, at which point the focus became potential geopolitical instability triggered by Brexit.
• Silver for May delivery rose 2.5 cents, or 0.14 percent, to close at 17.438 dollars per ounce.
• Spot gold rose 0.44 per cent to $US1,233.92 an ounce on Tuesday, after touching $US1,235.50, its highest since March 6.
• "I think gold prices are going to continue to rally and the target to the upside is $1,250," said Phillip Streible, senior commodities broker for RJO Futures.
"I don't anticipate that the Fed will be so aggressive on raising rates...and there's a lot of uncertainty with Brexit becoming official later on in the month and there's a lot of questions circulating around Russia."
• Markets had been volatile as FBI Director James Comey spoke on Monday, confirming the agency was investigating possible Russian government efforts to interfere in the 2016 US election including any links between President Donald Trump's campaign and Moscow.
• Spot gold is expected to test resistance at $US1,237, a break above which could lead to gains to $1,243, Reuters technical analyst Wang Tao said.
• Denting the bullish gold narrative, holdings of SPDR Gold, the world's largest gold-backed exchange-traded fund, cut 3.85 tonnes to 830.25 tonnes on Friday.
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