Gold Holds Just Above $1900 Per Ounce

Published on Oct 20, 2020 11:44

COMEX Gold drifted lower yesterday after hitting a one week high of $1922 per ounce as traders focussed on the US fiscal stimulus talk. Falling equities also took Gold along with them. US stocks fell with DOW sliding more than 1% as worries over the US lawmakers reaching a workable fiscal stimulus deal ahead of a Tuesday deadline hurt the sentiments. The yellow metal quotes down 0.39% at $1904 per ounce. Indian retail demand remains in focus as prices stabilize around Rs 50K mark.