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

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