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COMEX Gold hovers around $1920 Per Ounce

Published on Oct 13, 2020 11:52

COMEX Gold paused a little after recent spurt. The metal edged up near a three week high of $1937 per ounce last week. ETF demand remains high and US stimulus talks is also supporting the metal. However, the US dollar index edged up a little after testing three week low. COMEX Gold is currently trading down 0.45% at $1920 per ounce. If Gold corrects further then it could be a sign that rising equities are finally weighing on the metal. The US stocks extended winning spree yesterday as Democrats and Republicans inched closer to a stimulus compromise.

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