Gold prices rise despite rally in global stocks amid omicron

- Advertisement -


Gold futures rose marginally on Monday morning, meaning the market may still be on the edge, despite signs that the risk aversion from the emergence of a new version of the coronavirus on Black Friday may be due to the COVID-19. may end.

- Advertisement -

Prices for December Gold GCZ21,
+0.25%

- Advertisement -

GC00,
+0.25%
The most active were $5.90, or 0.3%, at $1,790.90 an ounce, after a weekly decline of 3.6% on a continuous contract basis. The most active contract for gold now is February GCG22,
+0.22%,
Which was trading higher by $ 5.50 or 0.3% on Monday at $ 1,793.40 an ounce.

Gold saw gains in trade on Friday, but lost most of its early gains in a brief session the day after Thanksgiving, as the World Health Organization’s technical advisory group declared Omicron “a type of concern”, with several countries Banned flight from countries of Southern Africa. ,

- Advertisement -

Yields were rising on Monday as stock-index futures pointed to a rebound for equities, which saw Friday their worst day in more than a year.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox