The most active gold contract for February delivery went up 0.63 percent on Friday and settled at 1,560.30 dollars per ounce.
The Dow Jones Industrial Average kept rising this week, and stabilized above 29,300 points during the last session. The S&P 500 and Nasdaq Composite Index followed Dow's rise.
With stock markets hitting record highs and the United States and China signing the phase-one trade deal, gold can hardly stage a strong rally in the short term, said analysts.
Meanwhile, some investors have been moving into gold to diversify risks, just in case stocks suddenly correct sharply lower.
As for other precious metals, March silver gained 13.4 cents on Friday, or 0.75 percent, to close at 18.073 dollars per ounce. April platinum climbed 23.60 dollars, or 2.36 percent, to settle at 1,024.80 dollars per ounce.
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