The precious yellow metal managed to touch $3,370 at the beginning of the week after facing a 'profit-taking' phase throughout the daily trading last Thursday.
Uncertainty regarding the US President's tariff policy and ongoing geopolitical tensions continue to support the traditional commodity asset.
At 9.20 am, the price of gold was at $3,371.06, up 1.30% since it opened in early trading on Monday in the Asian session.
Currently, investors are running towards the safe-haven asset gold due to increasing uncertainty about tariffs and their impact on the economy, with the attraction causing a rise of more than 25% since January.
Analysts see the price of gold as more attractive than the attraction of previous cases in an environment of increased tariff uncertainty, weaker economic growth, high inflation, geopolitical risks and a pullback in US assets.
In addition, central banks have shown interest in adding gold to their portfolios, with China consistently adding to its holdings for the fifth consecutive month and becoming the world's largest gold consumer.
It has also increased its demand for the precious metal as a safe haven in the face of escalating global trade and geopolitical tensions.
