Spot gold went up to as much as $1,219.40 per ounce. It moved up 0.7 percent at $1,203 per ounce. Gold for delivery in April settled at $7.80. It was higher at $1,204.80.
Commodity analysts are convinced that prices will continue to go up if the situation does not improve. Gold looks headed for seven successive session gains which is the longest run 2012.
In Yemen, prices rose two percent but this is not seen to affect gold.
Just 10 days ago, the yellow metal fell to a four-month trough when markets were expecting the US Fed would increase interest rates.
Nonetheless, traders were still wary about gold's outlook with ongoing outflows coming from SPDR Gold Trust. Holdings of the biggest gold-backed exchange-traded fund in the world declined 0.2 percent to 743.21 tons.
Premiums in China, which indicated demand, eased to the range of $2 to $3 per ounce versus $6 to $7 last week.
The country is the second-largest consumer of gold worldwide.
. Meanwhile, data showed that gold imports by of China from Hong Kong decreased last month because of slow purchases.
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