NEW YORK (Reuters) - Gold prices rose on Monday on fears of a slowdown in global economic growth and clouded US interest rate hikes, with eye on trade tensions between China and the United States.
Gold was up by 08:34 GMT at $ 0.3 an ounce. US gold futures edged up 0.4 percent to $ 1227.5 an ounce.
"People are transferring some liquidity to gold, given the uncertainty about the pace of US interest rate hikes and the US-China trade war," Reuters quoted Brian Lan, managing director of Gold Silver Central in Singapore.
US President Donald Trump and his Chinese counterpart, Xi Jinping, are expected to meet on the sidelines of the G20 summit in Argentina early next week.
Silver surged 1.2 percent on spot trade to $ 14.41 an ounce, and platinum rose 0.7 percent to $ 842.65.
Palladium rose 1.3 percent to $ 1133.99 an ounce. Prices fell about 3 percent in the previous session, the biggest one-day decline since Aug. 15.
