Bullion for immediate delivery was at $939.80 an ounce at 10:37 a.m. in Singapore, after reaching $946.08 yesterday, the highest since April 18. Silver for immediate delivery fell 0.2 percent to $18.09 an ounce.
Crude oil for August delivery rose as much as $1.48, or 1.1 percent, to $142.45 a barrel in after-hours electronic trading on the New York Mercantile Exchange.
Aiding gold's rally was the declining dollar, which traded near a three-week low against the euro and yen ahead of U.S. job market reports this week. The currency stood at $1.5801 against the euro, compared with $1.5793 late yesterday in New York, and was at 106 yen from 106.13 yen.
Heightened financial market stress, evidenced by widening credit spreads, declines in high yield exchange-traded funds and a rise in credit default insurance, also increase investor risk- averse behavior and supported gold demand, according to Steel.
Gold for June delivery on the Tokyo Commodity Exchange added 37 yen to 3,230 yen a gram ($948 an ounce) at the 11 a.m. local time break.
