COMEX Gold stayed supported as intense correction in Bitcoin values pushed up the safe haven allure of the metal. Global markets stayed slippery amid broad selling pressure in tech market. The investors are worried about the US China trade spat and persistent signs of slowing economic growth. Bitcoin fell around 12%, following similar losses in previous session and tanked well under $5000 levels to mark another fresh 13 month low. This clubbed with heavy selling in global stocks offered good support to Gold. COMEX Gold futures sustained decent gains as a recovery from near one month low continued. The yellow metal currently trades at $1221 per ounce, down marginally on the day after hitting the highest levels in nearly two weeks. Profit selling was seen at higher levels as US dollar appreciated. MCX Gold futures ended marginally lower on the day at Rs 30826 per 10 grams.The Indian Rupee hit 71.40 per US dollar - near three-month high level soft crude oil prices.
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