Gold steady as rising bond yields counter Omicron worries - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Sunday, 2 January 2022

Gold steady as rising bond yields counter Omicron worries

Gold prices held steady on Monday as higher U.S. Treasury yields offset safe-haven buying sentiment due to an Omicron-driven surge in COVID-19 infections globally. Spot gold remained mostly unchanged at $1,830.09 per ounce by 0058 GMT, after hitting a more than one-month high of $1,831.49 during the session.

from Commodities-Markets-Economic Times
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