And gold rose in spot transactions 0.2% to $ 1806.12 an ounce (an ounce) by 04:55 GMT, and increased about 0.5% since the beginning of the week, in what may become the second weekly increase in a row. US gold futures rose 0.3% to $1,807.10.
Early trade in Asia saw global stocks continue to rally, while the dollar eased as concerns over Omicron’s impact eased and markets welcomed strong US economic data.
The dollar index hovered near a one-week low against riskier rival currencies, making gold cheaper for holders of currencies other than the US currency.
“Limited trading and buying due to Christmas are keeping gold above the $1800 level,” said Michael Langford, director at corporate advisory Air Guide.
A study conducted in South Africa indicated that people with the Omicron strain had a lower risk of hospitalization or serious symptoms compared to the Delta strain.
As for other precious metals, silver rose 0.4%, to $22.87 an ounce, platinum rose 0.5%, to $969.50, and palladium fell 1.5 percent, to $1854.02.
These were the details of the news Gold rises before Christmas as the dollar declines 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.