Gold Tests Seven Week Low

Published on Feb 19, 2021 12:11

COMEX Gold tested around seven month low under $1770 per ounce in the US session as worries over lack of safe haven buying kept the sentiments under check for the metal. The newly reported Covid-19 cases in US stayed below 80000 mark for a fourth day. The hospitalizations are also at their lowest level since in around three months. About 12% of the US population has now been vaccinated so far. This is keeping Gold lower even as other commodities like Copper and Crude race higher.