Mumbai, Oct. 8 -- COMEX Gold futures are soaring, adding to their recent gains amid upbeat assessment about near term demand from World Gold Council (WGC). The metal tested $4000 per ounce in last session, breaking through to a fresh record high and gained further today. The counter currently trades at $4058 per ounce, up 1.30% on the day and is up nearly 5% so far in this month. Gold is building upon the 10% spike in September and looks placed in a position of strength as it has managed to hit record highs despite US equities also holding around record high territory. Meanwhile, the World Gold Council stated in a latest update that year-to-date gold is up 47%, marking the highest return in a calendar year since 1979. The move higher was su...
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