Gold On MCX Settled Up 0.75% At 31377 Gained On Fresh Buying

Gold on MCX settled up 0.75% at 31377 gained on fresh buying while support seen as Comex Gold climbed to the highest close in a month rose 0.60% to $1,304 per troy ounce as traders turned their attention from central banks to geopolitical tension.

Gold prices shrugged off a strong dollar rally to remain above the psychologically important $1,300 level as trade tensions raised demand for safe-haven gold.

Traders piled into safe-haven gold on expectations the United States will impose tariffs on $50 billion worth of Chinese imports on Friday, raising the prospect of retaliation from the Beijing, threatening a tit-for-tat trade war between the world's largest two economies.

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