Gold Loses Sparkle, COMEX Futures Under $1860 Per Ounce

Published on Sep 24, 2020 12:07

COMEX Gold futures tanked yesterday as sentiments remained stressed after the sharp tumble in Gold earlier this week. Gold has moved lower and the break under $1900 per ounce is keeping buying limited now. The US dollar index has surged above 94 mark to hit a two month high of 94.60. Gold fell near a two month low around $1860 per ounce.The metal is down 0.66% at $1850 per ounce right now. COMEX Silver also slumped around 7% yesterday and currently trades at $22.29 per ounce,down 3.50% on the day. Gold is likely to see some buying now traders would be looking at some uptick in retail demand in India following the slide well under the watershed Rs 50K mark.