extended its recovery and rose on Thursday for the fourth consecutive session, as the dollar and U.S. bond yields declined following weaker than expected economic data. Spot gold hit $1,150.26 an ounce, its highest since December 14, and was up 1.1 percent at $1,155.54. U.S. gold futures rose 1.3 percent to $1,156.60 an ounce.
However, growing market expectations of further rate-hike action by the US Federal Reserve in 2017 may limit any near-term sharp appreciation for the Gold.
Gold fell more than 8 percent in November as U.S. Treasury yields rose after Donald Trump's election led to speculation his commitment to infrastructure spending would spur growth.