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Gold Slides After Breaking Under $1900 Mark

Published on Jun 10, 2021 12:31

COMEX Gold futures stayed slippery as break under $1900 per ounce mark extended. The metal turned lower as the US dollar moved up ahead of the US consumer price inflation number. The dollar index jumped above 90 mark and kept commodities under check. Gold was further hurt due to a surge in Bitcoin today. The leading global digital currency jumped nearly 13% today to quote around $37200 mark as a bounce from six month low continued. Gold is currently trading at $1889 per ounce, down 0.32% on the day. A sustained fall in global Covid-19 cases is capping safe haven buying in Gold, keeping the overall movement lax over last few days.

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