Gold Consolidates Slightly Below Three And Half Month High

Published on May 19, 2021 12:15

COMEX Gold futures consolidated slightly below three- and half-month high as some profit selling emerged in the counter. However, a sustained slide in the US dollar capped the losses for Gold. The US dollar index slumped, breaking under the key 90 mark to approach lowest in nearly three months ahead of the release of the minutes from the latest US Federal Reserve monetary policy meeting. COMEX Gold futures are currently trading flat at $1868 per ounce. The market is waiting for the release of minutes of the latest US Federal Reserve monetary policy meeting which will be out tonight.