COMEX Gold Off Two Week Low As US Equities Tumble

Published on Sep 09, 2020 12:20

COMEX Gold futures plummeted before witnessing a recovery in US trades. The metal tanked as a free-fall in commodities led by crude oil weighed on the metal. The COMEX Gold futures fell to a two week low near $1910 per ounce. Some buying was seen in the commodity as US equities saw massive losses in last session on heavy drop in tech stocks. President Donald Trump said he intends to curb the US economic relationship with China. The yellow metal currently trades at $1936 per ounce, down 0.38% on the day.