Mumbai, Nov. 5 -- COMEX Gold futures edged up a bit after correcting heavily in last session. Gold melted in tune with other metals as the US dollar index soared and a break under $4000 per ounce triggered a 1.30% cut in the futures. A modest pullback was seen in the counter today as it quotes at $3976 per ounce, up 0.39% on the day. However, following the slide from all-time highs, the overall sentiments are turning cautious for the metal from a near term perspective. Global trade cues are also turning positive as China noted that it will suspend its 24% additional tariff on US goods for one year while retaining a 10% duty. The US dollar index has edged up above 100 mark and is currently holding at five-month high. This can cap advances in...
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