Gold futures tilted higher in Asian trade, while the dollar index inched up from September 28 lows, ahead of US retail sales data later today.
As of 04:16 GMT, gold futures due in December rose 0.26% to $1,225.20 an ounce, while the dollar index added 0.14% to 95.35 away from three-week lows.
Investors await US retail sales data, expected to have risen 0.7%, up from 0.1% in August, while core sales are estimated with a 0.4% increase, up from 0.3%.
The Empire State Manufacturing index is expected at 20.4, up from 19 in September, while wholesale inventories are estimated to have increased another 0.5%, adding to the 0.6% addition in July.
Gold futures rallied $30 on Thursday, marking the best performance this year, while scoring the second weekly profit in a row as traders flock to safe havens as global stocks tumbled last week.
Wall Street shed 4% last week on concerns of surging treasury yields and expectations of an accelerated pace of policy tightening by the Federal Reserve, and economic slowdown around the world due to trade protectionism.
US President Donald Trump renewed his criticism of the Federal Reserve's policy tightening, accusing them and the treasury department of making the most problems for America, even over the trade dispute with China.
In a Pennsylvania rally, Trump said the Federal Reserve has gone "crazy" with its latest rate hikes, while noting that stocks are undergoing a normal correction after a succession of record highs.
Otherwise, International Monetary Fund head Christine Lagarde expressed her support for China's moves to maintain the flexibility of its exchange rate, while noting the Fed's decisions shouldn't be considered "crazy".
On Sunday, the People's Bank of China cut reserve requirements for Chinese banks for the fourth time this year amid attempts to ease policies and bolster spending.
The IMF cut its forecasts for global growth for this year and the next for the first time in two years, with US and Chinese economies the most important downgrades alongside the euro zone due to rising trade protectionism.