Precious Metals Preview: COMEX gold supported above $3300 mark

COMEX gold is stabilizing around $3300 mark on Wednesday morning in Asia, gaining support from US-China tariff tensions and ongoing geo-political concerns. Organization of Economic Co-operation and Development or OECD has stated in a latest update today that global GDP growth is projected to slow from 3.3% in 2024 to 2.9% this year and next year. The slowdown is concentrated in the United States, Canada, Mexico and China, with other economies expected to see smaller downward adjustments. Investors now await US jobs data for further cues. The yellow metal is currently seen quoting at $3385.50 an ounce, up 0.25% on the day.

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