The precious yellow metal drops a little, pressured by increased in the U.S. dollar, but prices still just above the $1,300-an-ounce level to score a gain.
The threat of trade protectionism is the worst concern looming over a solid upswing in the world economy, according to IMF Managing Director Christine.
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.
Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.
For the moment, the US government has chosen not to hit the Venezuelan oil sector with the most severe sanctions in spit of the re-election of President Nicolas Maduro as an " imposture. "
Rio Tinto (ASX, LON, NYSE: RIO), the world's 2nd largest miner, has announced that it is ready to sell its participation in the giant Grasberg mine, the world's largest gold mine, to Indonesian state-owned mining holding Inalum for $3.5 billion.
United States national debt exceeds $21 trillion for the first time in history.
Donald Trump's request , for China to reduce its trade deficit with the United States by $200 billion over two years is a major political challenge.
Recently, gold prices have risen largely due to geopolitical uncertainty, complicated trade negotiations between the United States and China, and the relatively stable dollar.