Mumbai, April 19 -- Gold futures are steadying near record high levels as uncertainty about US interest rates and escalating Middle East tensions are keeping demand for the safe haven commodity supported. Besides, strong central bank purchases are also aiding to gold's upward movement. Meanwhile, dollar index is finding stiff resistance above 106 mark although the greenback continues to hover around the levels as Fed officials continue to sound hawkish on interest rate stance. Dollar strength however, limits upside for the yellow metal. Currently, COMEX gold futures are quoting at $2406.00 an ounce, up 0.33% on the day.
Published by HT Digital Content Services with permission from Capital Market....