COMEX Gold Trades Flat In Asia

Published on Dec 23, 2020 11:45

COMEX Gold futures stayed slippery in last session as intraday highs near $1890 per ounce triggered massive selloff in the commodity. Prices pulled back from lows near $1860 per ounce yesterday. Gold is broadly supported after Europe reported a new strain of Covid-19 and traders are now looking at the customary profit booking ahead of the yearend. The US dollar index stayed supported after testing around 32 month low mark last week as risk aversion took hold of world markets, capping upside in Gold. The metal currently trades at $1870 per ounce, almost unchanged on the day.