Gold Declines Marginally With The Rise of The Dollar

Gold prices fell in weak trading on Monday, with the dollar rebounding, although it is still hovering near its highest levels in a week, with increased demand for safe havens due to concerns linked to the pivot omicron.

And gold fell in spot transactions 0.1% to $ 1806.60 an ounce, during trading, but it remained above the $1800 level it recorded last week. And US gold futures fell 0.2 percent to $ 1807.40.

Global stocks stabilized while oil prices fell amid fears that the omicron could cause the economy to slow in the new year.

The dollar index rose from its weakest level in nearly a week, making gold priced in the US currency less attractive to holders of other currencies.

Silver fell one percent to $22.71 an ounce, and platinum fell 1.5 percent to $960.