Gold rose as the dollar weakened after the head of the ECB refrained from talking down the single currency at a high-profile meeting of central bankers.
ECB's Mario Draghi said the bank's ultra-loose monetary policy was working and that the euro zone's economic recovery has taken hold.
Fed’s Yellen made no reference to U.S. monetary policy but instead focused on financial regulations, leading traders to expect interest rates to be raised more slowly.
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