Gold Lingers Around $1820 Mark

Published on Jan 05, 2022 15:50

COMEX Gold futures stayed supported after a drop under $1800 per ounce at the start of the New Year. The sustained selling pressure in Bitcoin, which lingers around $46000 mark is capping downside for Gold. The leading cryptocurrency has been under stress following the drop under $50000 level. Gold is also witnessing buying support on firm Indian demand trends. COMEX Gold futures are currently quoting at $1820 per ounce, up 0.27% on the day. The US Dollar Index eased a little and currently quotes just above 96 mark.