Gold Supported Ahead Of US Jobs Data

Published on Feb 04, 2022 14:50

Gold stayed largely supported amid a heavy slide in the US dollar index but overall movement was sideways. COMEX Gold futures fell under $1790 per ounce after breaking under $1800 per ounce mark but heavy losses in the US equities curbed the downside. The dollar index fell near a two-week low of 95 mark. This propped Gold above $1800 per ounce in Asia and the metal currently trades at $1809 per ounce, up 0.30% on the day. The US nonfarm payrolls are due today and the Gold prices will be eying the movement in the US dollar index post the critical data.