Gold Holds Near $1780 Per Ounce

Published on Nov 15, 2022 17:14

COMEX Gold futures stayed well supported around $1780 per ounce mark as the US dollar saw a renewed wave of selling. The US dollar index fell under 106 mark to test a three month low as the inflation reading showing a moderation continued to weigh on the greenback. COMEX Gold futures are currently trading up marginally at $1780 per ounce. Meanwhile, Asian stock markets were supported on Chinese stimulus talk. Chinese Shanghai Composite index jumped 1.64% while the Hong Kong`s Hang Seng index soared around 4%. European shares saw thin moves. US stocks slipped from the highs amid worries over economic growth as markets continued to focus on broad action in the labour market.