Mumbai, May 5 -- COMEX Gold futures stayed slippery yesterday and lost more than 2% to $4519.50 in last session. Soaring crude oil prices and a stronger US dollar weighed on the metal. The yellow metal is near one-month low. There are some worries over Gold demand trends. World Gold Council or WGC has stated that total Q1 2026 global gold demand, including OTC, was 2% higher y/y at 1,231 tonnes (t). This modest growth in volumes combined with gold's exceptional price rise, generated a 74% jump in the value of quarterly demand to a record US$193bn. WGC further noted that the global supply of gold increased in Q1 by 2% y/y to 1,231t.
Published by HT Digital Content Services with permission from Capital Market....