Gold prices today
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| Gold prices today |
Gold prices rose during today's trading by 1% due to the uncertainty raised by the new Coronavirus "Omicron", in addition to the decline in US Treasury bond yields.
Spot gold rose 0.9% to $1,785.29 an ounce, and US gold futures settled up 1.2% to $1,783.90.
Supporting gold prices, US 10-year bond yields fell below 1.4% for the first time since September 2021, reducing the opportunity cost of owning interest-free gold.
Looking at gold prices in general, gold posted its third consecutive weekly loss, down 0.4% as Fed officials took a hawkish tone on stimulus and interest rate cuts.
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