Gold stays mixed in Asia

Published on Oct 04, 2022 13:03

Gold lost slight momentum in early Asia on Tuesday, but still continues to stay strong following a good revival near three week high since the past few days on the back of a weak dollar overseas. The dollar index that measures the greenback against a basket of currencies is off its recent peak of 114 levels and is currently quoting at 111.72 tracking 10-year Treasury yields that backed away from a near 12-year high. Weak risk sentiment coupled with dollar weakness is seen improving appetite for the safe haven commodity. COMEX Gold is currently up 0.20% at $1705.60 an ounce.