Oil prices fell below $ 29 a barrel, driving the major stock indexes around the world to a sharp decline with the spread fears of a global slowdown amid oversupply to disturb the markets and raises tension among investors.
And at its highest level in the session climbed Spot gold transactions 1.8 percent to $ 1097.20 an ounce (an ounce) before trimming gains to 1.1 percent at $ 1089.56 an ounce in late trading in the US market.
And US futures climbed 1.6 percent to a record settlement of $ 1090.70 when an ounce.
The precious metal received support from the dollar index, which fell 0.5 percent expanded its losses after US data weaker than expected decline, which makes gold less expensive to holders of other currencies.
The gold has reached its highest level in two months at $ 1112 an ounce last week with Chinese stock volatility that has undermined investor appetite for risk. But trades have fallen since then in light of expectations of new increases in US interest rates, including reduced demand for gold, which does not generate interest.
Among other precious metals silver rose 0.6 percent to $ 13.92 an ounce, while palladium fell 0.5 percent to $ 487.50 an ounce, recording a second weekly decline, after falling 12 percent last week. Platinum fell about 1 percent to $ 825.25 an ounce, ending the week on a loss of about 6 percent.