Precious Metals Preview: COMEX gold edges lower on profit taking

COMEX gold continues to benefit from its appeal as a safe haven amid renewed trade uncertainty following the U.S. Supreme Court's decision to strike down most of President Donald Trump's global tariffs. The yellow metal is holding near a one-month high but has edged down slightly in early Asia today amid possible profit booking following four consecutive days of gain. The counter is currently quoting at $5197.10 an ounce, down 0.3% on the day. Besides, a rebound in dollar overseas is also weighing on the precious metal. Meanwhile, silver futures are staying around $87 per ounce mark.

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