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Gold Eases Under $1770 Per Ounce In Asia

Published on Apr 28, 2021 12:01

COMEX Gold futures eased ahead of the US Fed monetary policy decision. Continued worries on the global Covid-19 scenario are keeping a lid on the retail demand though weakness in US dollar and sustained buying support coming as a safe haven asset are limiting the downside for the metal after it tested a seven-week high near $1800 per ounce. COMEX Gold futures are currently quoting at $1768 per ounce, down 0.61% on the day. Local Gold prices also eyed firm moves in the Indian Rupee which continued to rise as a bounce from nine month lows continued. The INR ended at 74.66 per US dollar, rising 7 paise on the day.

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