Gold Rises Near $1780 Mark

September 22,2021

COMEX Gold futures stayed supported after testing around one month low amid a correction in the US dollar and a deep slide in the Bitcoin values. Bitcoin has tanked this week as a break under $50000 mark extended. Bitcoin moved down further, sliding around 4% to quote around $42000 mark. These are the lowest levels in last six weeks for the cryptocurrency. Gold market also eyed improving sentiments in India as the country's active Covid-19 cases stand around 310000- lowest in around six months. COMEX Gold futures are currently trades at $1778 per ounce, up marginally on the day.

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