The price action in precious metals was listless in May with Comex gold and silver closing the month with a marginal loss. Also read Keep your portfolio simple, if you are investing directlyIn May, Comex gold fell 0.85 per cent to settle at $1,982.1 per ounce. Comex silver saw a much steeper fall of 6.5 per cent to close at $23.6. As anticipated last month, the price of Comex gold slid to the target price of $1,940-1,950. A breakout above $2,035 could push the Comex gold price to the next target zone of $2,050-2,060.

Source: The Hindu June 05, 2023 17:44 UTC