Gold fell 0.09 percent to $ 1,787.67 an ounce today.
Gold prices fell today as US Treasury bond yields rose, but concerns about a rapid spread of the Omicron strain eased as rising appetite for risk-taking eased concerns, according to Reuters. The yellow metal was minor.
Gold fell 0.09 percent to $ 1,787.67 an ounce today, according to the report. The yellow metal traded down 0.04 percent at $ 1,788 in futures trading for February today.
Bond yields rose on Tuesday as traders focused on optimism about the economy and easing concerns about rising inflation. Increasing the profitability of bonds increases the cost of investing opportunities in interest-free markets such as the gold market.
While the value of stocks in the European and American markets is recovering following the increase in risk appetite, the world stock markets are green despite the increase in cases of omicron.
European countries discussed new coronary restrictions on Tuesday. The US President also called on all citizens to get vaccinated against the Omicron strain on the eve of the second Crohn’s Christmas.
According to informed sources, the US Food and Drug Administration is scheduled to issue a license to use anti-coronary pills produced by Pfizer and Merck on Wednesday.
The dollar index fell slightly today and fell for the third consecutive session under the pressure of investors’ interest in high-risk currencies and assets.
Silver fell 0.1 percent to $ 22.47 today. Platinum fell 0.3 percent to $ 931.99 and palladium rose 0.2 percent to $ 1,795.17.