Mumbai, Feb. 3 -- COMEX gold lost momentum on Monday morning in Asia as dollar surged overseas to hit a three-week high and refreshed two year highs after US President Donald Trump set tariffs over the weekend. On Saturday, Trump finally signed off on threatened 25-percent tariffs on neighboring Mexico and Canada -- despite sharing a free trade pact -- and hit China with a 10-percent tariff in addition to already enacted levies. The dollar index is quoting at 109.10, up 1.37% on the day while gold futures were seen trading at $2809.50 an ounce, down almost 1% on the day.
Published by HT Digital Content Services with permission from Capital Market....