The yellow metal surged to a new record high over the weekend as the trade war sparked by the US President remains at its peak.
At 9.45am, gold was at $3,214.00, up 1.23% since it opened early Friday in Asian trading.
Donald Trump announced massive tariffs last week and postponed them on Wednesday.
Stock markets fell, recovered and stabilized more optimistically when the White House confirmed tariffs on China as high as 145%, an increase of 20% after announcing 125%. However, China retaliated with tariffs of 84%.
Tensions between the two countries have reignited fears of a broader US recession.
The Consumer Price Index (CPI) for March released yesterday (Thursday) showed a greater-than-expected reduction in inflationary pressures, supporting the US Fed in maintaining a wait-and-see stance.
