On Monday, gold futures rose in price, as a sharp decline in China's stock market has forced investors to seek safe assets.
The Shanghai Composite Index fell in early trading by more than 4% to lowest level since the end of 2014, after China's central bank set the Yuan's official exchange rate at its lowest point in the last three weeks.
As of 07:55 GMT, Gold for April delivery, traded on the Comex division of the New York Mercantile Exchange, increased by $ 11.20, or 0.92%, to $ 1231.60 per troy ounce.
On Friday, the price of gold fell $ 18.40, or 1.49%, as positive US data reinforced optimism about the strength of the economy and become a fresh tool for raising interest rates, giving sharp support to the national currency.
The US Commerce Department reported on Friday that gross domestic product grew in the three months to December to an annual rate of 1.0% compared to the initial estimate of 0.7% growth. Economists had forecast an increase of 0.4%.
Other reports, showing consumer spending and inflation in January, strengthened hopes for continued US economic recovery.
According to FedWatch site of CME Group, after the release of positive statistics the probability rate increase by Fed in June jumped to 32.2% from 19.7% on the eve of the publication of data.
Expectations of increasing interest on loans have a negative impact on the precious metal because it cannot compete with earning assets during the period of rising rates.
Despite the recent losses, this year gold has risen by almost 15% amid signs that the risks of the global economy and financial stability may interfere with the Fed plans to raise interest rates in the planned pace this year.
This Friday there will be released the long-awaited report on employment in non-agricultural sector of the US in February, while traders try to assess the ability of the world's largest economy to sustain a further increase in interest rates in 2016.
Also on the Comex, silver futures for March delivery rose 7.6 cents, or 0.52%, to $ 14.76 per troy ounce.
On Monday, copper has retreated from a 3.5-month high the previous session, but losses are limited amid increased expectations of further measures by central banks in Europe and Asia to stimulate the economy.