LONDON: Gold steadied after touching a new three-month high on Tuesday, still supported as global growth concerns and a further drop in the oil price pushed investors toward safe-haven assets.

Spot gold touched $1,130.11 an ounce, its strongest since Nov. 3, and then pulled back slightly to trade down 0.4 percent at $1,124.31 by 1221 GMT.

A break above $1,136 could lift gold toward $1,157, a level reached in late October, ScotiaMocatta technical analysts said.

US gold for April delivery was off 0.2 percent at $1,126 an ounce.

Gold is typically the asset of choice in times of uncertainty.

It posted its best monthly jump in a year in January, and has gained 6 percent so far in 2016, after falling 10.4 percent last year.

Weak Chinese manufacturing data on Monday underscored the challenges for the world economy and volatility in oil and other assets is supporting gold, typically a haven from market turmoil.