Precious Metals Preview: COMEX gold seen pressured under $4K mark

COMEX gold is seen pressured under the $4K mark for the fourth straight day on Friday with dollar index hovering near 100 mark. DXY gained to a five month high during the week amid reduced expectations of a December rate cut. However, concerns over a prolonged US government shutdown and uncertainty over the legality of tariffs could boost the safe-haven flows, and keep gold prices supported. Traders will take more cues from the Fedspeak on Friday. Currently, the counter is quoting at $3999.60 an ounce, up 0.22% on the day. On the MCX, gold is holding above Rs 120000 per 10 gram mark.

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