COMEX Gold tanked in last session as profit booking hurt the metal following a test of the psychological $2000 level the previous session. Gold fell in tune with other commodities and was also hurt due to soaring US equities. The metal lost more than $25 per barrel before witnessing some support and currently trades at $1950 per ounce, down marginally on the day. MCX Gold lost 1% to close at Rs 52760 per 10 grams. The drop in last session could trigger some bargain buying as the Dollar index has also slipped under 101 mark now.
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