COMEX Gold saw some buying today after testing near one month low. Weak earnings weighed on European markets amid a sluggish economy. Lack of major economic data points also kept the sentiments under check. However, a firm undertone in US dollar capped the gains and COMEX Gold currently trades at $1207 per ounce, up 0.11% on the day. The US dollar stayed firm, extending its recent gains as global sentiment remained tense. The dollar index soared to an eighteen month high following recent strength. MCX Gold gained modestly too. The local futures are trading at Rs 31115 per 10 grams, up 0.32% on the day. The Indian Rupee’s recent gains which took it near one month high turned momentary as the local currency fell amid increasing global crude oil prices yesterday. The INR broke beyond 73 levels against the US dollar in intraday moves but ended around 72.90 mark, dropping around 40 paise on the day. Powered by Commodity Insights
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