COMEX GOLD HOVERS AROUND $2000 PER OUNCE

Published on Mar 31, 2023 11:35

Gold sees tepid gains as risk sentiment improves across equities amid abating concerns of a full blown banking crisis. Dollar adding recovery in early Asia on the back of higher benchmark treasury yields is also seen weighing down the yellow metal. The dollar index that measures the greenback against a basket of currencies is at 101.89, tracking 10 year benchmark yields at 3.56%. Gold will now look forward to release of key U.S. inflation data later in the day that could influence the Fed`s monetary policy path. Currently, the precious metal is quoting at $1998.70 an ounce, up 0.05% on the day.