Precious Metals Preview: COMEX gold perched at lifetime high above $5200 mark
COMEX gold is perched at a lifetime high level on Wednesday morning in Asia as dollar accrues losses under 96 mark, weakest level seen since February 2022. US President Donald Trump reportedly said that the value of the USD is great which further dragged the US Dollar Index. Besides, ongoing political uncertainty and apprehension ahead of Fed decision later today are keeping the yellow metal supported at $5223.60 an ounce, up almost 3% on the day. On the MCX, gold futures are holding above Rs 171000 per 10 grams.
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