Downward Pressure In Dollar Caps Losses For Gold

Published on Oct 04, 2021 19:39

The COMEX Gold futures stabilized around $1750 per ounce today as weakness in the US dollar capped losses for the metal. COMEX Gold futures tracked the weakness in the US dollar index as it eased from near one year high and broke well below the 94 mark. Mixed cues from equities and a sharp spurt in crude oil and copper also prevented downside for Gold.