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.
Prices for December Gold GCZ21,
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,
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. ,
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.