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Gold prices moved in a small range in quiet trading due to the holiday season on Wednesday, tracking the impact of the volatility of the dollar, as the demand for the precious metal as a safe haven, which was fueled by the spread of the mutant Omicron, outweighed the appetite for risk.
The price of gold in the spot contracts 0.1% to 1787.83 dollars an ounce during trading.
US gold futures rose 0.1% to $1,791 an ounce.
Silver rose 0.6% to $22.63 an ounce, palladium rose 2.1% to $1,829.13, while platinum rose 0.5% to $939.21 an ounce.
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