COMEX Gold Races Higher After Breaking Above $1900 Per Ounce

Published on Jun 01, 2021 14:40

COMEX Gold futures broke well above $1900 per ounce mark today as a slide in the US dollar and sustained drop in India`s Covid-19 cases supported the yellow metal. India reported lowest daily new cases of 1.27 lakh in 54 days as declining trend in new cases was maintained. India`s Active Caseload further declined to 18,95,520. The active cases are below 20 lakhs after 43 days. Active cases decreased by 1,30,572 in last 24 hours. The US dollar index also fell under the 90 mark and kept Gold elevated. COMEX Gold is quoting at $1914 per ounce, up around 0.51% on the day.