GOLD TRADES IN TINY RANGE

Published on Jun 29, 2021 13:34

COMEX Gold futures are trading in a very tiny range today as the overall sentiments remained choppy after the metal tested a one week low of $1770 per ounce. The commodity tracked a marginally firm undertone in the US dollar index which edged up near 92 mark. Gold also suffered on lack of major demand impetus from India as the consumption outlook remained lax even as the number of daily Covid-19 cases continued to fall in the country. The metal currently trades at $1774 per ounce, down 0.37% on the day.