Gold Sees Flat Moves After Breaking Under $2000 Per Ounce

Published on Mar 10, 2022 17:04

Gold tumbled in last session following a deep correction in crude oil . Crude oil prices saw a massive slide with WTI Crude oil siding more than 10% to approach under $110 per barrel. The stocks surged on Wednesday led by financial and tech shares, rebounding from recent multi month lows as inflationary fears eased and investors gauged developments in the Ukraine crisis. Gold was hit given the spike in equities and also tracked the bounce in Bitcoin which soared above $40000 mark. COMEX Gold tanked more than 2% in last session and broke under the key $2000 per ounce mark. The metal currently trades flat at $1989 per ounce.