Gold Surges Above $1,800 – Mutation Coming

Gold futures prices have recovered strongly today and exceeded the mark of $ 1,810. Due to the news about the Covid 19 virus – a new variant in Africa – investors are selling risky assets and buying safe assets instead.

Gold futures were up $27.10, or 1.52%, at $1,806.60 per ounce at 8:00 p.m. ET

Concerns about the new COVID 19 variant B.1.1.529 found in South Africa, which may affect the economy more severely than the Delta virus, are worrying investors today. This could explain the rise in gold prices today.

Given the alarm over the discovery of the new variant, the British government has therefore temporarily suspended flights from six African countries: Namibia, Lesotho, Zimbabwe, Botswana, Eswatini and South Africa.

Now, the Israeli government has just announced the suspension of flights from seven African countries.

WHO will hold a special meeting today (Nov. 26) to discuss guidelines for use of the vaccine and treatment of patients with the new variant.

The Spot Market is Open

Friday, November 26, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
21.30
1,803.10
1,804.10
+14.70
0.82%
1,788.40
1,818.00
Silver
21.30
23.45
23.55
-0.12
-0.49%
23.16
23.80
Platinum
21.30
969.00
979.00
-25.00
-2.52%
958.00
1,005.00
Palladium
21.30
1,708.00
1,858.00
-100.00
-5.53%
1,720.00
1,970.00
Rhodium
06.00
12,500.00
14,500.00
0.00
0.00%
12,500.00
14,500.00

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