Gold Nears Two Week Low

1 Jun 2022 , 05:31 PM

Gold futures slipped today amid firm US dollar and profit selling pressure. A modest recovery in Crypto space also weighed on the metal. The COMEX Gold futures are trading at $1832 per ounce, down 0.85%. The prices are lingering around two week low. MCX Gold futures also fell near Rs 50400 per 10 grams and currently trade at Rs 50484 per 10 grams, down 0.71% on the day. A mild uptick was seen in European stocks. European indices edged up with decent gains in German and French stocks. Meanwhile, the US dollar index is hovering around 102 levels on Wednesday, tracking higher benchmark treasury yields. The dollar index, which measures the greenback against a basket of currencies is quoting at 101.98, after spiking above 102 mark during the day. Powered by Commodity Insights