Weekly Gold Review: COMEX Futures off seven month low
Mumbai, June 13 -- Gold prices rebounded sharply to trade above $4,200 per ounce after President Donald Trump signaled that a peace agreement with Iran could be reached soon. The recovery followed a steep selloff that had dragged global gold prices to a seven-month low near $4000 per ounce in the previous session. Notably, the decline was far more pronounced in international markets than in India. While international gold prices tumbled to a seven-month low, the decline in the domestic market was notably less severe. The relative resilience of Indian gold is evident from year-to-date performance, with international gold futures down more than 2%, while MCX gold futures continue to hold gains of over 2% on sustained weakness in Indian Rupee....
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