Precious Metals Preview: Gold stays near $4600 per ounce mark; set for weekly gain of around 2%

COMEX Gold is seen oscillating on either sides of $4600 per ounce mark in early Asian trades amid fading safe haven demand on temporary easing of geopolitical worries. Prices came off record high after the US President Donald Trump signaled that he might not attack Iran. The counter currently quotes at $4602 per ounce, down half a percent on the day after briefly edging below the level. The counter is set for a weekly gain of around 2%. MCX Gold futures are staying around Rs 143100 per 10 grams. The US dollar index is hovering around 99 mark, consolidating near six week high.

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