Mumbai, Oct. 9 -- COMEX Gold futures eased today as some profit selling emerged in the metal following recent surge. The metal saw excellent gains this week and broke above $4000 per ounce to a fresh record high and gained further today. The counter currently trades at $4038 per ounce, down 0.80% on the day. 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 supported by political tension, strong options market activity, and currenc...
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