Precious Metals Preview: Gold rises near $4200 per ounce

COMEX Gold futures turned lower on Monday as a firmer US dollar, renewed oil strength and elevated Treasury-yield weighed on sentiments. However, a rebound was seen in Asia and Gold is trading at $4200 an ounce, up 0.30% on the day. Markets are eying this week?s inflation data to understand revives the December monetary tightening path. MCX Gold ended flat at Rs 149540 per 10 grams and is likely to see choppy trades today.

Powered by Commodity Insights