Mumbai, April 24 -- COMEX gold rebounds in early Asia on Thursday after a brief pullback in the last couple of days on possibility of a de-escalation of US-China situation. A recovery in dollar index above 99 mark had also slightly reduced appeal for the yellow metal. Nevertheless, the safe haven commodity is seen renewing gains near lifetime highs and quoting at $3335 per ounce, up 1.26% on the day. MCX gold is holding above Rs 95k mark. Meanwhile, S&P Global revealed that the US Manufacturing PMI in April improved from 50.2 to 50.7, contrary to other readings that dipped. The S&P Global Services PMI for the same period dipped from 54.4 to 51.4, below forecasts of 52.8.
Published by HT Digital Content Services with permission from Capital...