COMEX Gold futures stayed well supported. The yellow metal jumped on upbeat ETF flows data, bouncing to a one and half week high of $1830 per ounce though firm US dollar is capping the gains thereafter. The World Gold Council (WGC) stated yesterday that Global gold ETFs drew net inflows of 46.3 tonnes (US$2.7 billion, 1.3% of AUM) in January, led by North American funds – partially offsetting the regions 2021 outflows. COMEX Gold futures are currently trading flat $1828 per ounce.
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