COMEX Gold is witnessing some buying now as recent losses are being seen as an opportunity to enter long. However, the metal is still holding under $ 1300 per ounce and fund buying is unlikely to return with a vengeance unless prices cross above $ 1300 mark. The equities are rising globally but Gold has found some traction from a rather weak patch in the US dollar. The dollar index has slipped from a near one year high and currently trades just under 94 levels. COMEX Gold is currently trading at $ 1300 per ounce, almost unchanged on the day. MCX Gold futures closed at Rs 31054 per 10 grams, up 0.49% on the day. The global geopolitical scenario remains unmoved as of now and Gold would need some fresh triggers either from North korea/Iran on the political front or from crude oil prices on the commodities front to keep the momentum going it its favor.