Gold Slides Under $1790 Mark

Published on Sep 14, 2021 16:33

COMEX Gold futures eased a little in intraday moves as a rally towards $1895 per ounce mark failed to sustain. Gold edged up as the US dollar index flipped back from around 93 mark. However, firm action in leading cryptocurrency Bitcoin, which zoomed up around 3% today yet again capped gains in Gold. The metal is locked in an overall tight range after breaking under $1800 per ounce mark few days back. COMEX Gold currently trades at $1788 per ounce, down 0.39% on the day. Broad worries over Covid-19 and hopes of a recovery in India`s retail bullion demand in coming festive season are supporting Gold at lower levels.