Gold Extends Winning Run

Published on Mar 08, 2022 17:14

COMEX Gold is holding above $2000 per ounce as sustained selling pressure in equities is keeping the metal in good demand. The counter currently trades up 0.80% at $2012 per ounce. The US stocks fell in volatile trades yesterday as soaring oil prices hurt the sentiments and general unease due to Russia`s invasion of Ukraine stayed in place. Bitcoin has slipped under $40000 mark and is failing to see sustained buying as the war rages on.