On the Comex division of the New York Mercantile Exchange, gold rose in December delivery rose 18.70 cents, or the equivalent of 1.72%, to trade at $ 1.104.70 per ounce during European morning trade.
Shanghai index has fallen by 8% on Monday, the biggest drop in a single day since February 2007, on the back of weak industrial profits and amid reports that the government purchase of shares and securities may decline.
Stock markets fell sharply in China earlier this month, forcing decision-makers to intervene and provide measures to boost liquidity and Tahedih investors.
Stock markets fell sharply in Europe rose after the opening, with the decline in Euro Stoxx 50 fell and the French CAC and the DAX 30 fell by 1%.
On Friday, gold fell to record of $ 1.072.30 per ounce, a price not seen since gold in February 2010, before closing trading at $ 1.085.50 per ounce, down by 8.60 cents, or the equivalent of 0.79%. And precious metal prices fell by 44.80 cents, or equivalent to 4.08 percent, the fifth weekly decline in a row.
Gold and exposure to heavy selling pressure in recent months amid speculation that the Federal Reserve may raise interest rates for the first time in nine years at the earliest in September / September
And affect expectations for higher borrowing rates for gold and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets when the price goes up.
Also in the Comex, silver December delivery rose 20.7 cents, or the equivalent of 1.43%, to trade at $ 14.69 per ounce. Silver prices fell by 34.2 cents, or the equivalent of 2.33%, in the last week, the fifth weekly decline in a row.
Elsewhere in the metals trade, declining copper September delivery lowest price to record of $ 2.355 a pound, a level not seen since June 2009, before trading at $ 2.370 per ounce during morning trade in London, shedding 1.2 cents or the equivalent of 0.52%.
Copper prices fell 11.5 cents, or the equivalent of 4.57%, in the last week, the fourth consecutive weekly decline, as concerns over the health of the Chinese economy, which is heavier on sentiment.
Friday's data showed that manufacturing activity in China slowed to its lowest level in 15 months in July / July It fell preliminary reading of industrial PMI / Kaiksan to 48.2 from a final reading of 49.4 in June / June
China is the largest consumer of copper in the world, and formed almost 40% of world consumption last year.
The decline in 8827 |}} dollar index US, which measures the performance of the greenback against a basket of six major currencies, was up 0.78% to hit 96.58.
Investors are awaiting with great interest the statement of the Federal Reserve next Wednesday to see whether policy-makers will do to give any indication about the timing of a rate hike rate.
In recent weeks, the dollar has risen due to mounting expectations that the US central bank may raise interest rates as soon as in September if the economy continues to improve, according to expectations.