Gold Corrects, Overall Sentiment Steady As Prices Hold Above $1800 Mark

Published on Oct 26, 2021 15:17

COMEX Gold futures corrected a bit after good gains in last few sessions as some profit selling was seen in the metal. However, broad undertone remained steady following the break above $1800 per ounce mark and the metal hovered just below six week high mark. COMEX Gold futures are currently trading at $1804 per ounce, down 0.13% on the day. Traders continued to focus on Indian retail demand as Diwali approached. Some support is also emerging for Gold due to the Chinese Covid-19 resurgence updates.