Precious Metals Preview: COMEX Gold Softens Near One Week Low

15 Sep 2022 , 08:30 AM

COMEX Gold futures fell near one week low of $1700 per ounce as a firm US dollar and sustained selling pressure after a recent fall kept sentiments under check. The shiny metal is also eyeing lack of demand in India as retail buyers stay away from purchases during the ongoing Shradhh period. The ability of the US dollar to hold just under decade high mark is limiting upside for the metal. MCX Gold futures closed at Rs 50021 per 10 grams, down 0.23% on the day and could consolidate around the Rs 50k mark now. Powered by Commodity Insights