GOLD SOFTENS AFTER HITTING TWO AND HALF WEEK HIGH

Published on Aug 24, 2021 12:28

COMEX Gold futures saw an impressive spurt in last session as a break above $1800 per ounce mark boosted the sentiments. The US dollar index tumbled amid soaring risk appetite and triggered good traction in Gold. The metal eased a little in Asia though as two and half week high capped upside for the metal. Gold eased as Bitcoin approached four month high near $50000 mark. COMEX Gold currently trades down marginally at $1805 per ounce. The retail markets are witnessing cautious movement though overall enthusiasm in consumer spending is visibly supporting the commodity in local markets.