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US Election Stress Keeps Gold Supported

Published on Nov 05, 2020 12:08

COMEX Gold slipped from one week high but stayed supported on US election related uncertainty. COMEX Gold trades at $1909 per ounce, up 0.70% on the day. Traders will now focus on how Indian retail demand turns out around the festive season. The Indian economy is poised to reach pre-pandemic levels by the end of this year based on the trends observed so far, barring the incidence of a second wave that may be triggered by the fatigue with social distancing, the finance ministry said in its monthly economic report for October.

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