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Gold Turns Up, COMEX Futures Approach $1730 Per Ounce

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Falling equities are offering a good support to Gold. The metal eased yesterday on corrective selling as end user demand worries stayed in place.

Losses were curbed though as weak economic data and mounting US-China trade concerns weighed on global stocks. Gold currently trades at $1727 per ounce, up 0.33% on the day. The US dollar index fell to a three week low in last session but is up from that mark and currently trades at $99.59, up 0.20% on the day.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 22 2020. 10:28 IST
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