Precious Metals Preview: COMEX gold hovers around record high levels

COMEX gold continues to hover around record high levels on Tuesday morning in Asia amid sustained economic uncertainty and expectations of further rate cut by Fed. Moreover, safe haven demand boosted the yellow metal amid economic and political uncertainty in the US, France and Japan. Gold futures have climbed 50% so far this year and are currently quoting at $3980.70 an ounce, up 0.11% on the day. However, firm rebound in dollar is limiting upside for the commodity.

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