Gold Recovers After Hefty Tumble

Published on Nov 24, 2021 16:25

COMEX Gold futures tried to stabilize after the heavy losses in last session that took it near a three week low of $1780 per ounce. Firm US dollar has been hurting the metal in last few days though a good bounce in crude oil prices capped the commodity yesterday. Traders also focused on the weak undertone in the Bitcoin values as the global crypto market braced up for India`s regulatory regime. The government has listed the cryptocurrency bill in its legislative business plan for the winter session of the Parliament that begins on November 29. Bitcoin futures are quoting around $56000 mark ahead of this, hovering around two month low. The COMEX Gold futures are currently trading up 0.60% at $1795 per ounce.