Gold sees decent gains, Dollar extends weak patch

Published on May 24, 2022 17:16

COMEX Gold futures is holding up in steady trades on sustained worries over Russia-Ukraine war and weakness in the US dollar. COMEX Gold is also up 0.50% at $1852 per ounce. COMEX Gold has hit one week high following the recent surge now. Markets are also worried about the rising cases of Monkeypox virus.The World Health Organization (WHO) has warned that there will be more cases of monkeypox as it expands surveillance in countries where the disease is not typically found. It added that it will provide further guidance and recommendations in the coming days for countries on how to mitigate the spread of monkeypox. The situation is evolving and WHO expects there will be more cases of monkeypox identified as surveillance expands in non-endemic countries, the global health body said.