COMEX gold futures stayed slippery and tested its lowest level in nearly seven months. The metal has slumped on a firm dollar amid hawkish US Fed outlook. The dollar index held above 101 mark, trading at its highest level in more than a year as expectations for Federal Reserve rate hikes this year remained strong. COMEX Gold fell under $4100 per ounce and currently trades at $4086 per ounce, down 1.51% on the day. Gold has lost around 11% this month. MCX Gold is also down 1.38% at Rs 144513 per 10 grams after falling near Rs 144100 per 10 grams. Risk appetite is mixed as stocks slumped in Asia before witnessing some stability in Europe. US markets stayed under stress in overnight moves as tech selloff dragged down NASDAQ by more than 2%. COMEX Gold is down around 4% this week.
Powered by Capital Market - Live News