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15-Jan2019

Gold futures end higher on equity pullback

Gold futures ended higher on Monday, as the investors went risk averse followed by negative trend in global stock markets. Moreover, an unexpected drop in China's exports that signalled further weakening in the world's second-largest economy also buoyed the safe- haven bullion investments.

Gold futures for February delivery settled 0.1 percent higher to $1,291.30 on the Comex division of the New York Mercantile. Spot gold was up 0.4 percent to $1,291.99 per ounce.


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