Gold rises, driven by “Omicron” fears and inflation

Gold rises, driven by “Omicron” fears and inflation
Gold rises, driven by “Omicron” fears and inflation

Gold crossed the $ 1,800 mark after fears of increasing “Omicron” injuries and global inflation prompted investors to seek employment in safe havens.

Spot gold rose 3.0 percent to $1,804.78 an ounce by 16:01 GMT, and US gold futures rose 5.0 percent to $1,807.30 an ounce.

Silver rose 0.2 percent to $22.51 an ounce, palladium rose 3.1 percent to $1,783.47, and platinum rose 0.5 percent to $941.04 an ounce.

Source: Reuters

Follow RT onRT
RT

These were the details of the news Gold rises, driven by “Omicron” fears and inflation for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT US Fed holds key rate steady for fourth straight meeting

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]