COMEX Gold futures slumped yesterday as a recovery in the US dollar and a tumble in crude oil prices led to a sharp slide in the metal. Traders booked profits after the commodity hit a five month high of $1822 per ounce. The metal lost nearly $40 per ounce and currently trades flat at $1784 per ounce. This was primarily led by a surge in the US dollar index that recovered back above 105 mark. WTI Crude oil futures also crashed, breaking under $80 per barrel mark and triggered a downbeat reaction in the broad commodities segment. For COMEX Gold, this turned out to be a highly negative set of variables and the metal saw accelerated losses once it broke under $1800 per ounce mark. With this slide, there is a possibility that the metal will likely see choppy action ahead of the upcoming US Fed monetary policy decision on December 15th 2022. Powered by Capital Market - Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.