2 Feb 2022 , 09:04 AM
Gold stayed largely supported amid a heavy slide in the US dollar index but overall movement was sideways. COMEX Gold futures steadied around $1800 per ounce mark. The overall setup appears to be turning cautious after a sharp tumble last week that took the metal near three week low of $1780 per ounce. A steady rebound in Bitcoin from multi month lows also capped the yellow metal. Bitcoin neared $39300 mark in last session. MCX Gold ended around Rs 47930 per 10 grams, up 0.60% on the day. The Indian Rupee eased a little, pushing up local Gold prices. INR closed at 74.82 per US dollar today, down 17 paise on the day.
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