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Precious Metals Preview: COMEX gold hits new lifetime high above $3290 mark
16-Apr-2025 09:11

COMEX Gold futures are extending gains to hit fresh record highs in early Asia on Wednesday. The counter is trading at $3291.90 an ounce, up 1.6% and at its highest level ever. Continued uncertainty regarding US tariff and ensuing economic woes is keeping the safe haven metal supported. Besides, deepening losses in greenback overseas is also benefitting gains in the yellow metal. Sustained central bank purchase of the metal is also sustaining bullish momentum in the commodity. According to the World Gold Council (WGC), in February, global central bank gold reserves increased by 24 tons. MCX Gold futures are currently also up over 1% at Rs 94463 per 10 grams.

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