Spot gold was up 0.2 percent at $1,316.11 per ounce as of 0422 GMT, while U.S. gold futures gained 0.3 percent to $1,315.80 an ounce.
Gold rose on Monday as investors’ appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth, increasing appeal for the bullion alongside yen and bonds.
Spot gold was up 0.2 percent at $1,316.11 per ounce as of 0422 GMT, while U.S. gold futures gained 0.3 percent to $1,315.80 an ounce.
The metal last week posted its third consecutive weekly gain and rose 1 percent, the most since the week ended Feb. 1.