Gold Holds Near $1780 Per Ounce

15 Nov 2022 , 05:14 PM

COMEX Gold futures stayed well supported around $1780 per ounce mark as the US dollar saw a renewed wave of selling. The US dollar index fell under 106 mark to test a three month low as the inflation reading showing a moderation continued to weigh on the greenback. COMEX Gold futures are currently trading up marginally at $1780 per ounce. Meanwhile, Asian stock markets were supported on Chinese stimulus talk. Chinese Shanghai Composite index jumped 1.64% while the Hong Kongs Hang Seng index soared around 4%. European shares saw thin moves. US stocks slipped from the highs amid worries over economic growth as markets continued to focus on broad action in the labour market. Powered by Capital Market – Live News