Gold is currently at $1,126.10 (-0.17%) after reaching a three-week high amid uncertainty over the global economy and signs of weakness in the Chinese economy. Bullion has also benefited from increased stocks volatility. The negative rates tendency among central banks is also favorable for gold.

Holdings of SPDR Gold Trust, the largest gold-backed exchange-traded-fund, rose to 21.9 million ounces on Monday, the highest level since November 3.