Precious Metals Preview: COMEX Gold Hits One Month High

9 Nov 2022 , 08:55 AM

COMEX Gold futures soared yesterday, adding more than 2% and breaking above $1700 per ounce as the uncertainty posed by the US midterm election boosted the metal. The break above $1700 mark is also likely to turn critical now as the metal consolidates around a one month high of $1713 per ounce. The US dollar index fell to near one and half month low under 110 mark, keeping Gold well elevated despite strength in equities.Powered by Commodity Insights