Gold has steadied above $1310, after rallying for two days straight on global growth concerns.
The yellow metal printed a low of $1302 on Thursday, before rising to $1314. The bounce was likely triggered by uncertainties around Sino-US trade war and concerns of slowing global economic growth.
Last week, the European Commission sharply downgraded 2019 Eurozone growth forecast, triggering fears of a recession in the core Eurozone economies.
Further, trade tensions resurfaced after U.S. President Donald Trump said that he had no plans to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal. It is worth noting that Trump has vowed to hike tariffs on $200 billion worth of Chinese imports to 25 percent if the two sides fail to reach a deal by 12:01 am on March 2.