Gold Prices Fall With Renewed Risk Appetite And The Rise of The Dollar

Gold prices fell Monday, December 6, as appetite for less safe assets improved and the dollar rose on uncertainty over Omicron ahead of US inflation data this week.

The dollar rose, making gold less attractive to holders of other currencies, while US 10-year bond yields made up for their losses.

Spot gold fell 0.2% to $1,780.95 by 11:13 GMT, while US gold futures fell 0.1% to $1,781.90.

Regarding other precious metals, spot silver fell 0.7% to $22.35 an ounce, platinum rose 0.2% to $934.44, and palladium fell 1.4 percent to $1785.38.