Precious Metals Preview: COMEX gold rebounds half a percent in early Asia

COMEX gold rebounded slightly in early Asian trades on Wednesday tracking dollar index that eased once again below 99 mark awaiting the outcome of trade negotiations between world?s two largest economies. Also, the greenback is staying cautiously steady ahead of US inflation print to be released later today. Nevertheless, geopolitical tensions with Russia?s claim to control territory in Ukraine?s east-central region, could keep gold prices supported. The yellow metal however still lingers around a week low under $3400 mark at $3360.50 an ounce, up 0.51% on the day. On the MCX, gold futures are holding close to 97k mark.

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