Gold futures traded lower in the first half of the session, but showed significant growth over the last couple of hours. Investors have increased their stocks of bullion to record levels amid speculation that central banks must do more to promote economic growth. During the day, gold prices rose by more than $ 20 per ounce.

Gold has received some support from the fact that the weak Chinese economic data reinforced the belief that China's central bank could expand the program of monetary stimulus in order to maintain economic growth. Such a policy could warm up the demand for gold, increasing the likelihood of inflation, which hit the value of paper money.

Separate reports showed that China's trade surplus fell, and the amount of new loans fell to their lowest level since September last year.

But traders still do not want revenge to make big bets on the actions of central banks.

The Federal Reserve and European Central Bank has repeatedly disappointed buyers of gold this year, not announcing the launch of new programs to stimulate the economy.

The volume of trading in gold was much lower than usual this week, as market participants retreated to the background of a relatively light economic releases.

Market participants are focusing on expectations of monetary policy on the eve of the annual economic summit of politicians in Wyoming at the end of this month and the Fed meeting in September.

The cost of the August gold futures on the COMEX today has grown to the level of 1624.1 dollars per ounce, and is now trading at around 1621.4 dollars per ounce.