KONTAN.CO.ID - JAKARTA. Gold rose on Tuesday, rebounding from a near six-week low touched in the previous session, as stocks slipped on political turmoil in Washington and the slow pace of COVID-19 vaccinations across the world. Spot gold rose 0.8% at $1,860.10 per ounce by 0724 GMT. On Monday, prices touched their lowest since Dec. 2. U.S. gold futures gained 0.5% to $1,860. We are seeing a technical rebound in gold after investors booked some profits in the last two sessions, said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai.
Gold gains as stocks dip on Washington woes, slow vaccine rollouts
KONTAN.CO.ID - JAKARTA. Gold rose on Tuesday, rebounding from a near six-week low touched in the previous session, as stocks slipped on political turmoil in Washington and the slow pace of COVID-19 vaccinations across the world. Spot gold rose 0.8% at $1,860.10 per ounce by 0724 GMT. On Monday, prices touched their lowest since Dec. 2. U.S. gold futures gained 0.5% to $1,860. We are seeing a technical rebound in gold after investors booked some profits in the last two sessions, said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai.
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