On Thursday, gold prices soared as they continued their rebound from two-month lows amid renewed expectations that the Federal Reserve will keep interest rates unchanged in June. Additionally, a package to raise the U.S. debt ceiling moved one step closer to becoming law after being adopted by the House of Representatives.

Spot gold advanced 0.2% to $1,966.42 an ounce, while gold futures added 0.1% at $1,983.40 per ounce. The two instruments bounced back from the lowest level in two weeks.

Patrick Harker, president of the Philadelphia Fed, suggested on Wednesday that deferring a rate increase until the bank's meeting on June 14 may give it more time to think about its future rate choices.

In Asian trade, the dollar decreased by 0.2%, which boosted metal prices. The expectation of higher U.S. rates for longer, though, kept the dollar near to 10-week highs reached in May. Markets are now anticipating Friday's nonfarm payrolls data for additional possible hints on monetary policy.