Gold futures crept above $1,620 an ounce resistance Friday on hopes that weak Chinese trade data could prompt the implementation of additional stimulus measures. Gold for December delivery on the Comex division of the New York Mercantile Exchange was last up $1.90 at $1,622.10 an ounce. Trade has ranged from $1606.60 to $1,623.90. Most commodities came under downward pressure after China reported that exports increased by just one percent year-on-year in July, down from the 11.3 percent pace in June and well below expectations. Additionally, China’s exports to the European Union decreased by a whopping 16.2 percent in July. However, the yellow-metal managed to outperform the more industrial commodities as the dour data does enhance the possibility of additional monetary easing from the People's Bank of China (PBoC). “Crude and copper are suffering some pretty significant losses, obviously the China numbers are negatively impacting sentiment in those markets,” a US-based gold trader said. “But gold is holding up and has even started to push higher. The markets clearly think that the central banks and politicians in China and Europe could soon step in with both new fiscal policies and monetary easing,” a US-based trader said. While there might be some residual support for gold off hopes for upcoming action from the PBoC, it could take actual action to get the easing prospect back into a front burner status, the CME Group said in a market commentary. In the wider-markets, the euro was last down about a half cent at 1.2258 against the dollar, while Germany's DAX and France's CAC-40 were off 0.80 percent and 1.04 percent respectively