Mumbai, April 15 -- COMEX Gold futures are stabilizing after hitting record highs. Equities are up but broad safe-haven demand due to uncertainty around US tariff policies are keeping the metal elevated. The metal eased half a percent yesterday and currently quotes at $3235 per ounce, up 0.30% on the day. All time highs around $3260 per ounce seem to be capping the upmove for the metal for now. Meanwhile, global central banking demand remains firm for the metal despite massive spike in prices in recent months. According to the World Gold Council (WGC), in February, global central bank gold reserves increased by 24 tons. The leading buyer of the precious metal was Poland, which acquired 29 tons, marking its 11th consecutive month of net gold...
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