Gold Softens Near $1930 Mark

Published on Mar 02, 2022 17:28

A modest recovery in European equities capped advances in Gold today. European stocks edged up after a nervous start amid some bargain buying. The UK FTSE index is up 0.74% while German DAX has gained 0.32%. The metal slipped to $1930 per ounce amid these cues, down 0.72% on the day. While the geopolitical scenario remains precarious, profit selling is visible in Gold on every rally. Indian spot retail demand remains under check after prices shot up well above Rs 50000 per 10 grams.