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Precious Metals Preview: Gold Stays Supported Above $1800 Mark

11 Aug 2022 , 08:49 AM

Gold prices eased slightly in early Asia on Thursday following a surge to one-month high in the previous session. Gold rallied on Wednesday after data showed that US Consumer Price Index (CPI), declined to 8.5% on year in July versus 8.7% expected and 9.1% prior that send dollar plunging sharply. The dollar index that measures the greenback against a basket of currencies came off yesterdays sharp decline and is currently up 0.20% at 105.28. The yellow metal, however, manages to hold close to $1800 mark. Powered by Commodity Insights

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