The price of gold in the spot contracts fell 0.2 percent to 1786.50 dollars an ounce, and gold futures in the United States fell 0.3 percent to 1788.70 dollars an ounce.
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Gold falls with the stability of the dollar and the rise of stocks
Gold prices fell, today, Tuesday, with the dollar recovering some of its losses and the return of risk appetite, as investors ignored the economic risks caused by the mutated “Omicron” strain of the Corona virus.
And the price of gold in the spot contracts fell 0.2 percent to 1786.50 dollars an ounce, and gold futures in the United States fell 0.3 percent to 1788.70 dollars an ounce.
The dollar made up for some of the losses it incurred last night, while sentiment partially improved after the global market slump.
Gold is usually seen as a hedge against inflation and uncertainty, but raising interest rates would curb inflationary pressures and also reduce the attractiveness of non-yielding gold.
Silver rose 1.2 percent to $ 22.50 an ounce, palladium rose 2.6 percent to $1,794.86, while platinum settled at $ 932 an ounce.
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