Strength In Dollar Caps Upside In Gold

Published on Aug 11, 2021 12:10

COMEX Gold is trying to hold on its own as the US dollar index pushed up above 93 mark. Gold is still looking edgy after the quick tumble under that took it to a four month low. Indian demand outlook is supportive for the commodity as the daily Covid-19 cases continue to slide and states unlock further towards normalcy. COMEX Gold stabilized around $1730 per ounce. The dollar index is quoting at 93.12, up marginally on the day and is keeping major upsides limited in Gold.