Weakened yuan, reduced economic growth also dampen consumer sentiment.
American wins 25th world meet medal, 2 more than 1990s men's star Vitaly Scherbo.
Amid a trade war with the United States, China adds almost 100 tons of gold to its reserves since resuming buying in December.
As the US-China trade war goes on, gold showed its mettle once again as a store of value for investors during times of crisis.
With the US Treasury market signalling that a recession may be on the horizon, investors have been swarming into bullion-backed exchange-traded funds.
Concerns over a concurrent US-China trade war remain high, prompting a rush on safe-haven assets such as bonds, gold and the Japanese yen.
Gold rallies to hit a six-year high.
Gold is headed for the longest stretch of weekly gains since 2011 as investors count down to the release of a highly-anticipated US jobs report that could provide clues on the Federal Reserve’s interest rate path.
Asian equities suffer fresh losses, the dollar rises and gold retreats after top Federal Reserve officials dent hopes for a big interest rate cut next month, while traders also fret over this week's meeting between Trump and Xi.
Investment havens such as gold and the Japanese yen are gaining attention, with the latter reaching a near six-year high.
Investors are taking note, pouring into exchange-traded funds backed by gold and boosting net long positions in US gold futures and options.
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.