COMEX Gold Off Three Week Low

Published on Nov 25, 2021 12:41

Gold futures continued to stay slippery, falling to around three week low under $1780 per ounce on a firm US dollar index before some buying emerged in the commodity. The US dollar index jumped to one and half year high near 97 mark and made Gold give up all gains in intraday moves. The dollar generally stayed supported on flat risk appetite, witnessing a strong bounce in the US trades. The Indian demand outlook is turning supportive after the near Rs 1500 per 10 grams tumble in retail spot price over last few days.