Gold rises before Christmas as the dollar declines

Gold prices rose on Thursday in limited trading at the end of the year, with the decline of the dollar, which is considered a safe haven, after encouraging results from a study on the mutant Omicron from the Corona virus and increasing optimism about the global economic outlook.

And gold rose in immediate transactions 0.2 percent to $ 1806.12 an ounce (an ounce) by 0455 GMT, and increased about 0.5 percent since the beginning of the week, in what may become the second weekly increase in a row. US gold futures rose 0.3 percent 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.