COMEX Gold recovers after near 1% tumble in intraday moves yesterday

COMEX Gold fell nearly 1% in intraday moves yesterday amid firm US dollar index. However, precious metals are seen gaining momentum on the back of safe haven demand amid rising uncertainty from tariffs. US President Donald Trump notified 25 countries of new tariff rates set to take effect on August 1st, including major trading partners Canada, Mexico, and the European Union (EU). COMEX gold is quoting at $3345 an ounce, up 0.30% on the day.

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