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Gold Trades Flat On COMEX

Published on Oct 21, 2021 13:08

Gold futures recorded decent gains as the US dollar index fell near a one month low yet again and traders eyed vibrant Indian festive season buying. Gains were capped for the metal though as Bitcoin neared its previous record high of $65000. The leading global cryptocurrency jumped as optimism over the outlook on the crypto has been boosted by the launch of the first futures-based Bitcoin ETF on Tuesday. Gold currently trades down marginally at $1783 per ounce mark. The equities are mostly turning lower today and Gold could see a choppy action given the overall mixed sentiments.

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