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Gold gained on safe haven buying as the equities dropped globally and follow up buying stayed in place in the yellow metal. China's exports and imports in December declined at the worst rates in two years, raising fresh concerns about global growth. Brexit concerns also lingered ahead of Tuesday's key Commons vote. In Europe, the benchmark indices in Germany, France and the UK fell more than half a percent, adding to the recent declines. In Asia, the Chinese stocks fell 0.70% while the markets in Hong Kong tumbled 1.40% The US President Donald Trump has warned Turkey of economic devastation if it attacks Kurdish forces in the wake of the US troop pullout from Syria, while also urging the Kurds not to provoke Ankara. The COMEX Gold futures are currently trading at $1294 per ounce, up 0.35% on the day. MCX Gold futures are currently trading at Rs 32161 per 10 grams, up 0.70% on the day. Powered by Commodity Insights
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