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COMEX Gold Back Above $1900 Per Ounce

Published on Feb 28, 2022 12:02

COMEX Gold futures stayed well supported amid intense battle raging in parts of Ukraine. Global risk aversion was hit yet again after a rebound on Friday and COMEX Gold recaptured the $1900 per ounce territory. The commodity currently trades at $1912 per ounce, up 1.29% on the day. The stock markets fell in volatile trades as the EU is taking the unprecedented step of sending arms to Ukraine and is also closing its airspace to Russian aircrafts. While there are media reports of both the countries deciding to hold talks for negotiation after four days of intense fighting and an unprecedented level of tensions of geo-political space globally.

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