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Precious Metals Preview: COMEX gold lacks luster in early Asia
26-Mar-2025 09:11

COMEX gold continues to lack luster on Wednesday morning in Asia as dollar is seen regaining strength near 104 mark. The yellow metal has paused recent rally but still manages to hold above 3k mark near record highs on continued safe haven appeal amid global uncertainty. Currently, the counter is quoting at $3022.10 an ounce, down 0.13% on the day. Data from US shows consumer confidence deteriorated by more than expected in the month of March as the index tumbled to 92.9 in March from an upwardly revised 100.1 in February. New home sales jumped by 1.8 percent to an annual rate of 676,000 in February after plunging by 6.9 percent to a revised rate of 664,000 in January.

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