COMEX Gold pulled back from its three month highs as a gentle start to European equities triggered some profit selling. The metal has been on a roll this week after breaking above $1200 per ounce and soared sharply amid lingering worries about the trade and immigration polices of US President Donald Trump. Lax sentiments prevailed for US stocks on Monday amid lack of major economic cues. The pullback on the day came on the heels of the strong upward move that was seen last Friday. 

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While Gold has gained impressively on this factor this week, a rather tepid show by Indian retail demand weighs on the broad sentiments. The metal is currently being offered around $1233 per ounce, almost unchanged on the day. MCX Gold futures are trading at Rs 29260 per 10 grams, up 0.23% on the day after testing highs above Rs 29330 levels.