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COMEX Gold Wavers Under $1890 Per Ounce

Published on Oct 08, 2020 11:24

COMEX Gold slipped under $1900 per ounce in last session but stayed supported around one and half week lows as US President Donald Trump urged Congress Tuesday night to approve piecemeal coronavirus relief measures. This marked a turnaround in the stance from the US President after he instructed his representatives to stop negotiating with Democrats for a new stimulus package on Tuesday. Gold also benefited as latest FOMC meeting minutes showed that Federal Reserve officials worried that a lack of further fiscal stimulus would jeopardize and economy recovery that was moving faster than expected. The Federal Open Market Committee on Wednesday released minutes from its September 15-16 meeting. COMEX Gold is currently down 0.21% at $1886 per ounce.

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