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Gold Sees Mild Gains

Published on Feb 10, 2021 12:33

Gold futures managed to see modest gains in Asia amid cautious moves in equities. The COMEX Gold futures moved back from a one week high amid profit selling pressure as recent surge in equities and continued Covid-19 vaccination weighed on the commodity. The safe haven demand is limited now and traders are looking at the near term Indian imports scenario after the recent import duty cut on precious metals. COMEX Gold currently trades at $1843 per ounce, up 0.31% on the day. Gold could see some negative reaction coming in from the awesome surge in digital currency Bitcoin as it powered to another high near $47000.

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