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Gold rose for a seventh straight session on Thursday after touching its highest in more than two years in the previous session as investors are still seeking safe-haven assets even as stock markets bounced back in Asian trade.

Investor sentiment took a knock in the wake of the so-called Brexit vote and demand for haven assets got a boost this week as seven U.K. property funds froze withdrawals amid a surge in redemptions. Fed policy makers kept rates on hold at the June 14-15 meeting amid concern that job creation was faltering, the minutes showed.

"Everyone is waiting for the U.S. non-farm payroll data for June due on Friday. Hence, not many people are trading and hence prices are stable," said William Wong, assistant head of dealing for Wing Fung's precious metals desk.

"While we expect gold to keep moving higher, we detect that it is running into increased profit taking. Also how much more safe-haven demand and Brexit-related-buying gold is likely to receive in the short term are both unclear," HSBC analyst James Steel said in a note

The immediate resistance for gold is on the topside of $1,375.50 an ounce while immediate support lies around $1,365 and then $1,357-58, MKS Group trader James Gardiner wrote in a note.

“Ripple effects from the U.K.’s decision to leave the EU continue,” said Mitsushige Akino, a Tokyo-based executive officer at Ichiyoshi Asset Management Co. “The wait-and-see mood will continue with investors trying to gauge the impact.”

Reference: Reuters