Mumbai, Feb. 4 -- COMEX gold and silver futures extend recovery following the sharp fall last week. The yellow metal regained momentum above $5K mark and silver also jumped above$87.50 mark. Renewed geo-political tensions are supporting gains in the precious metals. As per reports, Trump warned that with US warships heading toward Iran, "bad things" would probably happen if a deal could not be reached. DXY firmness above 97 mark is keeping gains in the metals limited although it needs to be seen how Trump nominated hawkish Fed chair Warsh will maintain interest rates. Currently, gold futures are trading at $5089 an ounce, up 2.79% on the day.
Published by HT Digital Content Services with permission from Capital Market....