Gold climbed to a maximum of six years: $ 1,465.10 an ounce

Gold futures in the US rose 1.3% to $ 1,467.50 an ounce.

"This is due to escalating trade tensions between the United States and China (…) Risk aversion is spreading on the financial market and it is certainly a benefit for l & # 39; gold " said Carsten Menke, an badyst at Julius Baer.

Fear of a slowdown in global economic growth and expectations of further rate cuts from the US Federal Reserve also supported bullion, Menke added.

World stocks fell on Monday for the sixth consecutive session, while 10-year US public debt yields fell to a three-year low.

On Friday, China announced that it would oppose the decision of US President Donald Trump to apply additional tariffs of 10% on Chinese imports, for an amount of 300 billion dollars .

Rates could force the Federal Reserve to cut credit costs more than expected to protect the US economy. The decline in interest rates in the United States decreases the opportunity cost of holding gold badets and weighs on the dollar.

Of the other precious metals, Silver rose 1.1% to $ 16.39 an ounce. Platinum rose 1.4% to $ 854.49 an ounce, while palladium rose 1.3% to $ 1,424.06 an ounce.