The price of gold at the Comex exchange has increased by 0.6% compared to the previous session's close, reaching $ 1,904 per troy ounce.
The last time the price of gold was above $1,900 per troy ounce was in September 2011.
In April, data released by CME Group, the world's largest financial derivatives exchange, indicated that gold prices had skyrocketed to their highest since November 2012.
The increase came after oil prices slumped earlier in April due to lingering concerns over storage capacity and the threat of a new round of the tariff war between the United States and China.