Gold held above $2,230 an ounce in holiday-thinned trade on Friday, hovering at all-time highs amid bets that major central banks would shift to interest rate cuts this year, while heightened geopolitical tensions boosted safe-haven demand for bullion.
The metal is also on track to advance more than 9% for March.
During its last policy meeting, the US Federal Reserve maintained its outlook for three rate cuts this year despite a run of hot inflation data.
Markets are betting that the Fed would start rate reductions in June.
In Europe, the Swiss National Bank delivered a surprise rate cut at its March meeting, prompting speculation that other major central banks will follow suit.
Meanwhile, the Bank of Japan ended its policy of negative rates, but is expected to maintain an accommodative stance for some time.
Elsewhere, investors continued to hedge against geopolitical instability in Eastern Europe and the Middle East with gold.