Gold prices rose in European markets on Monday to resume gains, which were temporarily halted by the end of last week, trying to recover from a one-week low, supported by the dollar’s slide against a basket of currencies.

Gold prices rose by 0.1% as of 10:35 GMT to trade at $ 1,199.55 per ounce from the opening level of $ 1,198.88 and recorded the highest level of $ 1,199.66 and a low of $ 1,194.44.

Gold ended Friday’s trading down 0.7%, the first loss in three days, reaching a one-week low of $ 1,191.83 an ounce, after shedding $ 1,200, and after the US dollar stopped falling.

Over the past week, gold prices rose 0.4% in the first weekly gain in a month, supported by the rise of most of the resistance metal prices in US dollars.

The dollar index fell more than 0.1% on Monday, resuming its short-term losses on Friday as part of a three-month low of 93.38 points, reversing the greenback against a basket of currencies, which currently supports the rise in the price of gold and other metals denominated in dollars American.

The decline of the US currency comes amid investors’ assessment of the development of the trade dispute between the United States and China, especially after Beijing canceled trade commissioners this week with Washington in protest against the US decision to impose sanctions on a Chinese military agency.

Gold is trading in a limited range, with investors reluctant to build new positions ahead of the Federal Reserve meeting on Tuesday to discuss the appropriate monetary policy for the path of growth of the world’s largest economy amid full prospects for raising interest rates for the third time this year. Raising interest rates for a fourth time at the December meeting.

Gold holdings at SPDR Gold Trust remained unchanged on Friday for a third consecutive day, remaining at 742.23 metric tons, the lowest level since February 19, 2016.