COMEX Gold at one year low

Published on Jul 21, 2022 11:43

Gold is lingering near a one-year low as dollar snapped a three-day losing streak awaiting major central bank decisions. The yellow commodity is closely watching outcome of the ECB meeting due later today. The dollar index, that measures the greenback against a basket of currencies is currently down marginally at 106.72 after recovering to 107 levels in the previous session tracking 10-year US Treasury yields have reclaimed the psychological figure of 3%. COMEX gold futures are holding under $1700 threshold and is currently quoting down 0.64% at $1689.45 an ounce.