Gold flat amid mixed equities

Published on Jan 16, 2023 17:26

Gold stayed largely supported amid mixed equities and flat US dollar. The COMEX Gold futures are currently quoting at $1922 per ounce, almost unchanged on the day after witnessing excellent gains in the last few days. Asian stock markets stayed mostly supported. China`s Shanghai Composite index jumped 1%. Hong Kong`s Hang Seng index eased 0.11%. European markets edged up marginally. US stocks saw sustained buying amid falling volatility as DOW moved further above 34000 mark. The US dollar index is flat at 102 mark and looks under stressed as it continues to linger around seven month low.