COMEX Gold Slips Half A Percent In Asia

Published on Mar 31, 2022 12:27

COMEX Gold futures are down in Asia after witnessing good surge in last session as market continues to track the Ukraine situation. The US dollar index is quoting under 98 mark and Gold appears to be consolidating in a tight range after testing a one month low on Tuesday. Russia`s promise to scale down military operations around Kyiv and northern Ukraine does not represent a ceasefire and talks on a formal agreement with Kyiv have a long way to go, Moscow`s lead negotiator has noted, according to media reports. COMEX Gold moved up near $1940 per ounce following this but flipped back and currently trades down half a percent at $1924 per ounce as firm Bitcoin which is holding around three month high capped upside for the yellow metal.