Precious Metals Preview: Gold tests two-week low in Asia

Gold futures stayed weak, breaking under $4700 per ounce mark to test two week low. The US dollar stated supported amid persistent Middle East tensions and the continued blockage of the Strait of Hormuz. COMEX Gold futures are down 0.81% at $4683 per ounce, down 0.80% on the day. MCX June gold futures edged up 0.25% at Rs 152142 per 10 grams in last session and is likely to turn lower in early moves today.

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