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Gains In Equities Capping Upside For Gold

8 Apr 2022 , 05:05 PM

Gold is quoting around $1935 per ounce, down marginally on the day after witnessing a modest drop earlier in the session. However, major gains are being capped given the firm undertone in equities. Asian stocks turned up. Chinese Shanghai Composite rose 0.47%. Hong Kongs Hang Seng gained 0.17%. Japanese Nikkei index added 0.36%. Shares in Europe edged higher ahead of weekend. The US Stocks fluctuated over the course of the trading session on Thursday before ending the day mostly higher.

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