COMEX Gold Stabilizes Around $1860 Mark

Published on Nov 17, 2021 15:18

COMEX Gold futures stabilized around $1860 per ounce today as firm US dollar capped upmove in the metal after prices hit fresh five month high in last session. The US dollar index saw a smart upmove yesterday amid supportive US economic cues and pulled Gold lower. Some worries are also emerging in the local demand front for Gold after the spot prices surged above Rs 49000 per 10 grams mark. Bulk of the buyers are reportedly holding back their purchases as peak festive season is over now.