GOLD PRICES RECOVERING ON A BROAD NOTE

Published on Aug 30, 2022 16:01

Gold prices are seen recovering on a broad note although in negative, tracking a sharp reversal in the US dollar index that is off its recent fresh 20-year peaks. The dollar index is quoting at 108.79 after having hit a fresh two-decade high of 109.44 yesterday tracking higher treasury yields after hawkish remarks from Federal reserve at the Jackson Hole conference on Friday. COMEX gold is currently down marginally at $1747.80 an ounce.