Mumbai, Feb. 2 -- COMEX gold and silver futures are attempting recovery following the sharp slide witnessed on Friday. Dollar retaining firmness around 97 mark is keeping the precious metals under pressure. The precious metal extends the decline after reaching historic highs last week amid signs of political stability in the United States (US). Nomination of Kevin Warsh, who is seen as a relatively safe bet compared with other candidates, weighed on the yellow metal as it eases concerns over the Fed's independence. Nevertheless, ongoing geopolitical tensions, including US-Iran tensions, could provide some support to traditional safe-haven assets. Currently, gold is trading under $5K mark and silver is over 3.5% at $80.79.
Published by HT D...