Gold Tries To Recover After Testing One Month Low

September 21,2021

COMEX Gold futures tried to stabilize after testing around one month low amid a correction in the US dollar and a deep tumble in the Bitcoin values. The yellow metal is currently trading at $1761 per ounce, down marginally on the day. Bitcoin tanked last night along with US equities and lost more than 10% as a break under $50000 mark extended. The top cryptocurrency also moved down further today, sliding around 4% to quote around $43400 mark. These are the lowest levels in last six weeks for Bitcoin. COMEX Gold futures are currently trades at $1762 per ounce, almost unchanged on the day.

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