Oil prices break US$1,400 a barrel to hit a near six-year high as the weaker dollar, economic concerns and geopolitical tensions saw investors pile into the safe-haven commodity.
Gold surges to the highest in more than five years after the US Federal Reserve indicated a readiness to cut interest rates.
He says this would be more stable than the current currency trading, which is manipulative.
Vietnam plans to make the leap from gold to credit cards in a bid to keep up with the global trend toward cashless transactions.
Among the many certificates and standards claiming to codify 'responsible' goldmining, two labels, 'fairmined' and 'fairtrade', stand out.
However, they have to satisfy five criteria under Section 61 of the anti-money laundering law, says Fahmi Abdul Moin.
Vladimir Putin's quest to break Russia's reliance on the US dollar has sparked a literal gold rush.
Weak US data, Brexit and prevailing uncertainty around US-China trade appear to be holding gold prices up.
The Brexit vote on Tuesday has given gold a bit of lift, said Quantitative Commodity Research analyst Peter Fertig.
Gold still has some impetus left, with concerns over the state of the global economy holding intact, according to analysts.
Gold prices rally after a more than five-week low.
Gold tumbled 2.6% last week, its biggest weekly fall in over 1-1/2 years.
The gold was removed in government vehicles last week when there were no regular security guards present at the bank.
Analysts say that gold prices will rise against the weakening dollar due to the limited US growth prospect.
Uncertainty over the backstop to retain an open border on Ireland is the main cause for concern.
The metal has risen more than 21% so far this year on a sustained supply deficit.
The dollar index against a basket of six major currencies is set to decline about 0.3% this week, which could be its biggest weekly fall in a month.
Price of gold, palladium, silver and platinum see decreases across the board.
Investors are keeping a close eye on talks to end a trade dispute between China and the United States.
Supply deficit is likely to widen this year as stricter emissions standards increase demand for catalytic converters.
The deficit in the palladium market will widen dramatically this year as stricter emissions standards increase demand.
Spot gold rose 0.3% to $1,316.66 per ounce by 1036 GMT, on course for a small weekly gain.
Spot gold was up 0.4% at $1,313.81 an ounce at 1307 GMT after falling 0.4% in the previous session.
Investors are looking ahead to trade talks between Beijing and Washington this week with a delegation of US officials travelling to China for the next round of negotiations.