Mumbai, April 10 -- COMEX gold and silver futures edged lower in early Asia on Friday as dollar regained momentum amid persistent concerns surrounding reports of continued Middle East conflict, including the closure of the Strait of Hormuz. Rising oil prices and inflationary concerns which are likely to keep interest rates higher are supporting the greenback and in turn weighing on precious metals. Currently, gold futures are quoting at $4789.20 an ounce, down 0.80% on the day. Silver futures are also trading lower at $76 per ounce. US Consumer Price Index (CPI) inflation report for March, which is due later on Friday will be closely watched.
Published by HT Digital Content Services with permission from Capital Market....