Gold prices held on to some of Thursday's stratospheric gains on Friday as investors sought cover from global economic turbulence.
The price dipped in early trading but bounced back to stand 0.27% up at US$1,156 an ounce as world shares fell on US interest rate uncertainty, downbeat Chinese data and the prospect of Greek elections.
Prices soared on Thursday, posting the biggest daily gains since May of this year by rising as high as US$1,168 in Asia.
The yellow metal has gained almost 3.3% on the week so far.
Analysts say news flow has been more positive for gold since Beijing started devaluing the yuan.
The US Federal Reserve's release of dovish minutes from its latest meeting hit the dollar and resulted in a five-week high in the gold price.
Research house Capital Economics said it expected gold to dip from current levels if the Fed presses ahead with a September rates lift-off.
But it predicts gold will be worth US$1,050 an ounce at the end of the third quarter this year and US$1,200 at the end of the year.
It expects the precious metal to make further gains in 2016, rising as high as US$1,400.
It said in a note: "We believe demand and supply fundamentals remain solid and expect prices to recover further once markets have digested the first Fed move."
Silver prices fell 1.27% to US$15.32.
Major shares
Randgold Resources (LON:RRS) down 8p or 0.1% to 4249p
Fresnillo (LON:FRES) flat at 684.5p
Anglo American (LON:AAL) down 4.4p or 0.6% to 736.1p