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Precious Metals Preview: COMEX gold steadies above $2900 an ounce mark
12-Mar-2025 09:22

COMEX gold steadies above $2900 mark in early Asia on Wednesday as dollar stays near multi month lows and as ongoing global trade uncertainties, combined with heightened concerns over a US tariff-induced recession, continues to drive investors toward safety assets. Currently, the counter is trading at $2922.40 an ounce, up marginally on the day. Meanwhile, data from US showed job openings increased by more than expected in the month of January. The Labor Department said job openings climbed to 7.74 million in January from a downwardly revised 7.51 million in December. The report said hires crept up to 5.39 million in January from 5.37 million in December, while separations rose to 5.25 million in January from 5.08 million in December.

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