Other Markets - Bullion Markets
Gold nears record high ahead of US inflation numbers As on : 13-Aug-24  14:30

COMEX Gold futures are consolidating near record highs after a sharp upmove in the last session. The metal soared more than 1% yesterday with sentiments largely staying supported ahead of the US inflation numbers. The US producer and consumer price inflation data will be out on Tuesday and Wednesday, respectively. Meanwhile, persistent tensions around Middle East are also supporting safe haven demand for the yellow metal. COMEX gold is currently quoting at $2499 an ounce, down 0.17% on the day. The US dollar index is trading flat around 103 mark, keeping Gold afloat after the metal saw an upswing of nearly 100 dollars in last one week.

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