COMEX Gold Hovers Around One And Half Week High

Published on Feb 09, 2022 16:29

COMEX Gold futures stayed well supported. The yellow metal jumped on upbeat ETF flows data, bouncing to a one and half week high of $1830 per ounce though firm US dollar is capping the gains thereafter. The World Gold Council (WGC) stated yesterday that Global gold ETFs drew net inflows of 46.3 tonnes (US$2.7 billion, 1.3% of AUM) in January, led by North American funds - partially offsetting the region`s 2021 outflows. COMEX Gold futures are currently trading flat $1828 per ounce.