Gold has surged 19% this year as the trade war flared up, bond markets signaled that a US recession may be on the horizon, and the Federal Reserve cut rates.
Bullion futures for December delivery advanced 0.1% to $1,539.60 an ounce at 9:34 a.m. on the Comex in New York, after surging as much as 1.8% to the highest since 2013 earlier.