Precious Metals Preview: COMEX Gold Tumbles As Slide From Eight Month High Extended

COMEX Gold futures tumbled after correcting from an eight month high as the US dollar edged up and buying remained limited in the yellow metal following recent gains. The US dollar index rose for a fourth straight session today, extending a recovery from three week low and hit a one and half week high of 96.20. This broadly weighed on COMEX Gold. The metal fell sharply yesterday and gave up further today to currently trade at $ 1307 per ounce, down 0.50% on the day. MCX Gold futures ended at Rs 33330 per 10 grams, up 0.0.40% on the day and should fall in early moves.