Gold prices extended its rise to more than $ 23 when settling transactions on Friday, with stock markets falling, to achieve monthly gains for the second time in a row.
Gold benefited from the falling US dollar and stock losses after data showed a widening commodity trade deficit in April and lower personal spending despite a strong rise in income.
The United States' rejection of China's treatment of Hong Kong, amid new legislation restricting democracy in the city, has also contributed to investor orientation towards safe assets.
Meantime, US President Donald Trump's press conference today, saw an escalation of differences with China.
On his part, Federal President Jerome Powell expressed his concern about the possibility of a second wave of the corona epidemic, adding that the US federal bank will soon start lending to small and medium-sized enterprises (SMEs).
But in contrast, gold may see losses this week after hitting its lowest level in two weeks last Wednesday, as loosening restrictions around the world boost the hopes of an economic recovery.
Upon settlement, the price of gold futures contracts for August delivery rose by 1.4 % to $ 1751.70 an ounce, winning about $ 23.40.
The yellow metal recorded weekly losses of about 0.1 %, but achieved a monthly gain of 3.4 %, or the equivalent of $ 57.5.
By the end of trading, the spot price of yellow metal increased by about 1 %, or $ 17, to $ 1735.38 an ounce.
During the same time, the main index of the dollar, which follows the performance of the American paper, increased against 6 major currencies, about 0.1 %, to record 98.485, after it was down at 97.94 during trading.
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