Tensions in the Middle East and negotiations in Greece could help boost the metal's safe-haven status.
Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia and SocGen to contribute to the new LBMA Gold Price benchmark.
The Federal Reserve's looming policy statement may provide hints as to when the US will raise interest rates this year.
Each gold edition of Apple Watch expected to contain two ounces of precious metal.
Gold prices could test the November 2014 lows next week if there is no physical demand.
Traders will be tracking Bank of England European Central Bank and Bank of Canada monetary policy meetings.
Planned scheme aims to turn 20,000 tonnes of unproductive gold owned by Indian households into cash.
US Fed Reserve Chair Janet Yellen's testimony to Congress could drive US dollar higher, denting demand for gold.
Gold prices hinge on dollar and negotiations over Greece financial situation.
India reclaimed the top spot from China in 2014.
Upbeat US January jobs report will compel market to focus on US economy, the greenback and US interest rates.
Spot gold prices have gained some 10% so far this year.
New Delhi could cut India's record high gold import duty in the budget to be presented on 28 February.
Gold prices have gained some 9% so far this year on safe-haven buying.
Gold up to four-month high while palladium down to three-month low