Gold Sees Sideways Action

Published on Jun 03, 2021 12:14

COMEX Gold futures are failing to hold on the higher side. The metal yet again moved up above $1900 per ounce mark in last session as sustained drop in India`s Covid-19 cases supported the yellow metal. However, sentiments turned around in Asia and COMEX Gold futures are currently trading down 0.53% at $1899 per ounce. The US Dollar index has edged up above 90 mark and good buying is seen in Bitcoin futures too, capping upside in Gold. Bitcoin futures are up nearly 6% to approach $40000 mark.