Mumbai, Feb. 18 -- COMEX gold is recovering momentum following a sharp slide of almost 3% in the previous session. The counter however continues to linger under $5k mark and is currently quoting at $4937.20 an ounce, up 0.65% on the day. However, thin holiday trading, with much of Asia closed for the Lunar New Year is likely to limit many gains in the yellow metal. Minutes of the Federal Open Market Committee (FOMC), which will be published later on Wednesday will also be watched closely. Furthermore, easing tensions between the United States (US) and Iran could also undermine traditional safe-haven assets.
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