Spot gold rose 0.9% at $2,004.21 per ounce by 2:19 p.m. EDT (1819 GMT), after hitting a one-week peak of $2,014.97.
People are watching the dollar index and its pretty alarming how its breaking down and we're seeing all these hard assets like gold and silver rising up in tandem.
Analysts said there was not too much concern on markets about possible tax hikes if Joe Biden beats President Donald Trump in the race for the White House.
The price of oil, one of Canada's major exports, rose as China's plans to increase U.S. crude imports countered rising tensions between the two major consumers.
Against a basket of currencies the dollar traded under gentle pressure at 93.036, roughly in the middle of the range it has held since dropping to a two-year low in late July.
The moves in the Asia session were modest, as weak data and uncertainty ahead of a week that includes Federal Reserve minutes and the Democrats’ nomination convention kept a lid on sentiment.
The mood had the dollar close to snapping a seven-week losing streak against the risk-sensitive Aussie, which settled around $0.7144, flat for the week.