Gold prices gained as political tensions in the Middle East and weak economic data from China and the United States pushed it above $1,350.
The Federal Reserve will likely cut interest rates this year but not nearly as aggressively as investors expect.
Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases.
Gold production in Russia for the first four months of this year rose to 78.29 tonnes from 70.67 tonnes in the same period a year earlier, Russia's finance ministry said.
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