Gold Lingers Around $1930 Per Ounce

Published on Sep 08, 2020 11:23

Gold stayed supported yesterday but soaring equities capped the upside. European markets surged with the indices in UK and Germany spiking 2%. US markets were shut for a public holiday. COMEX Gold currently trades at $1929 per ounce, down marginally on the day. Gold, it seems, is looking for a new catalyst to take it back above the key $2000 per ounce mark. It is now clear that retail demand will not be returning back with vengeance anytime soon in key markets like India and the price action will be dependent on the investment demand only.