COMEX Gold futures are slippery on US interest rate hike worries. The metal has been hurt on prospect of aggressive global rate hikes despite worries over the Ukraine war front keeping safe haven buying somewhat present at lower level. The rising treasury yields and firm US dollar index which is around 100 mark right now, are capping Gold. COMEX Gold futures are currently trading at $1928 per ounce, down 0.46% on the day. Prices are off a one week low and could continue to see tight moves with near term range of $1940-1910.
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