• Spot gold had risen 0.3 percent to $1,318.46 per ounce by 0332 GMT, after earlier touching its highest since late-April at $1,318.85.
U.S. gold futures for June delivery were up 0.3 percent at $1,319.10 per ounce.
• "The dollar is a little bit under pressure. The key driver still remains the dollar and that is what we see," said Dominic Schnider at UBS Wealth Management in Hong Kong.
The dollar index traded slightly below its 2018-peak early on Monday, after disappointing U.S. employment data for April and as concerns about trade frictions weighed on upward momentum.
• Gold prices were also drawing support from political uncertainty surrounding markets, Schnider said, pointing to concurrent gains in the Japanese yen, which also tends to appreciate with higher uncertainty.
"The fact that the trade negotiations between the U.S. and China for some ended up on the disappointing side could have added a little bit of support for gold."
• Meanwhile, ANZ analysts said in note that gold prices pushed higher as investors focused on the relatively benign level of wage growth in the United States.
"This eased concerns that had built up over the past few weeks about a quicker rate hike cycle. The tepid economic data should see the U.S. Federal Reserve remain on a gradual tightening phase, and support investor sentiment for gold," ANZ said.
• Spot gold may bounce more to resistance at $1,326 per ounce, according to Reuters technical analyst Wang Tao.
• Hedge funds and money managers trimmed their net long positions in COMEX gold by 62,378 contracts to 51,985 contracts in the week to May 1, U.S. data showed on Friday.
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Comex June gold this week fell as far as $1,302.30 an ounce, its weakest level of the year. Since, however, prices have ticked higher again. One widely anticipated event that occurred this week was a Federal Open Market Committee meeting in which interest rates were left unchanged and policymakers did not signal materially more aggressive future tightening. Meanwhile, an April jobs report that showed less-than-forecast payroll gains of 164,000.
Eighteen market professionals took part in the survey. Twelve respondents, or 67%, called for gold prices to rise over the next week. Another four voters, or 22%, looked for gold to fall, while two, or 11%, called for a sideways market.
Meanwhile, 809 voters responded in an online Main Street survey. A total of 557 respondents, or 69%, predicted that gold prices would be higher in a week. Another183 voters, or 23%, said gold will fall, while 69, or 9%, see a sideways market.
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