Gold Rises Near $1890 Per Ounce

Published on Dec 28, 2020 12:31

Gold rose today as media reports stated that US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package. COMEX Gold futures stayed supported last week on reports that Britain has detected a new variant of the coronavirus in contacts of cases who have travelled from South Africa. This strain has now reportedly spread to a number of other countries. Gold futures commodity also eyed a weak movement in the US dollar. The global ETF buying seems to be steadying and local retail demand is also expected to see some uptick as spot prices linger around Rs 50000 per 10 grams. COMEX Gold futures currently trade at $1890 per ounce, up 0.44% on the day right now.