COMEX Gold Stays Weak

Published on Aug 04, 2021 13:12

COMEX Gold futures stayed mostly weak in the last session as positive global equities weighed on the metal. The recent drop in the US treasury yields and sustained selling pressure in crude oil is also capping gains in the commodity. COMEX Gold fell around half a percent in the last session. Local spot Gold market is likely to have some vibrancy in near term as key states like Maharashtra relax restrictions amid a sustained drop in Covid-19 cases.