COMEX Gold Hits Above $1860 Per Ounce

Published on Dec 16, 2020 12:24

COMEX Gold futures moved up further as traders eyed progress toward a massive government spending bill and COVID-19 relief measures. Such actions are certain to push up US money supply in coming weeks, keeping Gold afloat. US dollar index fell under the 90.40 mark and tested a fresh 32 month low. This kept Gold well supported and took the COMEX Gold futures above $1861 per ounce today, adding 0.32% on the day.