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COMEX Gold Eases In Asia On Corrective Selling

Published on Feb 21, 2022 12:34

COMEX Gold edged up near $1900 per ounce mark yet again, lingering around highest levels in last eight months as risk sentiments were hit on Russia- Ukraine worries. The metal has gained around 6% from year to date. The gains in Gold have come despite of firm cues from the US dollar index off late and Friday was no exception to it. The dollar index moved above 96 mark but COMEX Gold ended at $1900 per ounce mark. However, worries over Indian demand trends and lack of clarity on Chinese economic activity amid dearth of major economic releases will likely keep a tab on the yellow metal after the sharp spurt seen in prices over recent weeks. The metal has eased in Asia and currently trades down 0.47% at $1891 per ounce.

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