The Philippines built up its holdings when gold traded around $2,000 per troy ounce. Prices have since more than doubled.

Gold futures on Nymex are trading back above the $4,000 an ounce level as bulls once again hold sway after a flurry of profit taking over recent sessions. Silver is also finding its footing, changing hands above $48 an ounce after dropping to a three-week low near $46 on Monday.

Gold extended declines on Tuesday to a three-week low as optimism over a US-China trade deal continued to put pressure on the safe-haven asset. Bullion futures dropped more than 1% to hover near $3,970 per troy ounce,

Gold prices inched higher on Thursday, supported by a slight pullback in the dollar, while investors waited to see if U.S. President Donald Trump and his Chinese counterpart Xi Jinping would thrash out a trade deal.

The World Gold Council said global demand for gold accelerated in the third quarter as investors sought safe-haven assets due to growing geopolitical uncertainty and a weaker U.S. dollar.

Gold jumped after a run of losses as traders digested comments from President Donald Trump following his closely watched meeting with Chinese leader Xi Jinping, which produced a trade deal that may stop short of a sweeping agreement.

Gold's price continued to decline this week. Here's how investors can take advantage of this timely opportunity.

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