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Gold Off One Month Low On Bargain Buying

Published on Jun 15, 2021 12:56

COMEX Gold futures fell yesterday, testing around one month low under $1850 per ounce amid steady equities and continued selling pressure in the yellow metal. Gold has been sliding after a break under $1900 per ounce as a firm US dollar and lack of safe haven buying are keeping the sentiments under check for the commodity. Some bargain buying is visible today though as India continues to report a sustained drop in the Covid-19 cases. The metal currently trades up 0.19% at $1869 per ounce. India`s active Covid-19 caseload declined to 9,13,378. India reported 60,471 daily new cases in last 24 hours; lowest after 75 days. The national recovery rate increased to 95.64%.

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