Precious Metals Preview: Gold Recovers Slightly, Holds Just Above $1750 Mark

23 Aug 2022 , 08:25 AM

Gold is seen recuperating losses just above $1750 levels, breached in the previous session amid an incessant decline in the commodity. Gold is seen in positive in early Asia on Tuesday for the first time in seven days. The commodity slipped sharply yesterday, sliding near six week low as firm US dollar weighed on the commodity. Pause in dollar rally in early Asia on Tuesday is giving the precious metal much needed respite. The dollar index that measures the greenback against a basket of currencies is quoting at 108.86. Meanwhile, gold futures are currently up 0.16% at $1751.25 an ounce. Powered by Commodity Insights