Gold eases near $1650 mark

Published on Oct 28, 2022 17:45

Gold futures slipped today, extending a drop towards $1650 per ounce as the US dollar index moved up well above 110 mark. COMEX Gold currently trades at $1653 per ounce, down 0.73% on the day. The yellow metal also eyed recent strength in Bitcoin as the leading cryptocurrecny moved up above $20000 mark. Chinese shares fell sharply with the benchmark Shanghai composite index tanking more than 2%. European shares slipped. The German DAX index eased 0.50%. Wall Street saw another session of twists and turns as investors weigh conflicting earnings messages from major companies. The S&P 500 fluctuated while the Nasdaq 100 fell more than 1%.