Gold settled at a near four-month high on Monday, adding to last week's gains as investors grew more anxious about the pace of the U.S. economic recovery and China's growth.
Weak U.S. manufacturing and employment data, and a slowdown in the rise in home prices in China for the first time in 14 months in January, raised fresh concerns over the health of the world's biggest economies, drawing investors towards gold, often seen as an insurance in times of troubles.
U.S. gold futures for April delivery settled $14.40 higher at $1,338.00 an ounce, its highest close since Oct. 30.
Spot gold rose more than 1 percent to $1,338.60 an ounce in earlier trade. It was last trading at $1,337, up 1 percent on the day.
It has gained more than 9 percent so far this year, following a 28-percent drop in 2013 that put an end to 12 years of gains.