FXStreet (Córdoba) - Gold kicked off the new year with solid gains, underpinned by safe-haven demand in a risk off environment. Tensions in the Middle East and a plunge in China's stock market, following disappointing data, fueled the metal’s appeal and sent gold up nearly 2.0% to a high of $1,083 an ounce. During the American session, the yellow metal pulled back from highs and it was last trading around $1,077 an ounce, recording a 1.6% gain on Monday. Meanwhile, stocks were deep into the red around the globe after the Shanghai Composite Index lost nearly 7% and trading was halted. For more information, read our latest forex news.