Gold prices traded higher on Tuesday, despite better than expected economic data as investors awaited comments from several Federal Reserve officials.

Gold prices recovered from overnight lows, as the yellow-metal benefited from a tumble in dollar for the fifth straight session, despite the U.S. current account deficit shirking by more than expected.

The Commerce Department said on Tuesday, the current account deficit, which measures the difference in value between exported goods, services and interest payments, fell 3.1% to $112.4 billion.

Meanwhile, a slump in dollar continued to lend support to gold prices, after the US Dollar Index dipped below the 100 level, hitting a 6-week low of 99.50, as the Federal Reserve’s somewhat dovish statement on rate hikes last week, continued to weigh on the greenback.

Gold for April delivery on the Comex division of the New York Mercantile Exchange gained $9.65 or 0.78%, to trade at $1,243.65 a troy ounce.