Gold futures gained 1.1% to US$1335.10 an ounce.
Though the Australian dollar was back over 78c, the local spot gold price sat at A$1705/oz this morning.
According to the World Gold Council, gold-backed ETFs collectively held 2393.4t (US$101.4 billion) at the end of February after losing 5.1t ($146 million) during the month.
Asian-listed funds added to holdings, while North American and European funds contributed to the drop.
Silver rose by 2.2% to $16.78/oz, while platinum and palladium remain at around $970/oz each.
Base metals also performed better after a rocky past few sessions.
Nickel rose by 1.8% to $13,625.50 per tonne, while copper rose by 1.3% to $6965.75/t.
Even zinc, which had fallen for five straight sessions, rose by 0.2% to $3305/t.
But cobalt was the big standout, jumping by 3.1% to $83,020/t, a new high since LME trading of the metal began.
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