The price for gold to trade at $1 for a one-ounce of gold rose to $1.1537 per ounce on Monday from $1 at 6:40am GMT, according to data compiled by Bloomberg.
The dollar-denominated gold price, which tracks the greenback’s yield, jumped to $9.35 per ounce from $9,849 per ounce at 4:30pm GMT.
The U.S. dollar index gained 0.4 percent to 103.24 yen.
The benchmark 10-year note, which has been trading at $US1,095.60, traded near its lowest level in a week, falling from a record low of $US11,814.70 on Tuesday.
Gold has rallied sharply since China lifted its restrictions on buying and selling gold last week to support the global economy.
The dollar, which is often the benchmark for international trade, has fallen sharply against many other major currencies.
Gold’s rise has helped push the price of the metal, which had lost nearly half its value since early May, above $1k per ounce.
Gold is traded on the New York Mercantile Exchange (NYSE) through Tuesday.
The central bank of the U.K. said Monday that the country’s central bank will not lift interest rates on Wednesday because it sees no need to boost lending to households and businesses to stave off inflation.
Gold fell about 3.3 percent to $US9,039.60 an ounce, its worst weekly performance since late April, according a survey by Goldman Sachs Group Inc.
The gold-backed U.N. panel has raised its benchmark price of copper for the first time since August, after the U,S.
and European Central Bank raised interest rates last week.
Gold futures for December delivery rose 2.5 percent to settle at $937.53 an ounce.