COMEX Gold futures pulled back today amid sustained selling pressure as a failure to hold near $1800 per ounce mark hurt the counter. The metal currently trades down 0.41% at $1784 per ounce. Meanwhile, good strength is being observed in Bitcoin, capping advances in Gold. Bitcoin is currently trading around $23000 mark, up marginally on the day. Gold is still placed in a relatively safe zone given visit of US House speaker Nancy Pelosi to Taiwan. China condemned this first such visit in 25 years as a threat to peace and stability in the Taiwan Strait. This should keep the metal broadly supported.Powered by Commodity Insights
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