COMEX GOLD TANKS UNDER $1800 MARK

Published on Sep 08, 2021 12:10

COMEX Gold tanked as a bounce in the US dollar index from one month low and worries over some parts of India entering into the third wave of Covid-19 pandemic hurt the metal hard. Gold lost around 2% on COMEX, falling under $1800 per ounce even as the top cryptocurrency Bitcoin fell more than 9%. Fresh curbs in activities in a key state like Maharashtra could hurt the Indian retail Gold demand. There are concerns in the market on the US retail demand too given the soaring Covid-19 cases in the country.