Gold Can Not Hold $1,800 Mark And Falls $10.30

Gold futures closed down $10.30 in sluggish trading Monday. We saw the price of gold visibly dragged down by the markets. All major U.S. markets are moving lower at the moment as investors continue to worry about the Omicron strain including the direction of U.S. interest rates.

  • Gold futures fell $10.30 to close at $1,794.60 per ounce.
  • Silver was down 24.2 cents, or 1.07%, at $22.291 an ounce.
  • The platinum contract was down $8.1, or 0.87%, at $926.4 per ounce.
  • Palladium fell $38.90, or 2.1%, at $1,745.90 an ounce.

Due to all the macro circumstances, analysts believe that the market will have a low volume. The end of the year is getting closer and closer with the Christmas holidays around the corner.

In Germany, gifts in the form of precious metals are apparently on the rise. When going to the precious metal dealer, buyers of silver or gold coins currently have to wait longer than previously announced. This could be interpreted as a careful sentiment on the part of the population in Germany.

The Omicron strain has now spread to 43 U.S. states and 90 countries around the world.

The Spot Market is Open

Tuesday, December 21, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
08.10
1,792.00
1,793.00
+0.70
0.04%
1,790.40
1,793.50
Silver
08.10
22.20
22.31
-0.05
-0.25%
22.17
22.39
Platinum
08.10
932.00
942.00
-3.00
-0.32%
931.00
946.00
Palladium
08.10
1,682.00
1,832.00
-8.00
0.47%
1,682.00
1,848.00
Rhodium
06.00
12,900.00
14,900.00
0.00
0.00%
12,900.00
14,900.00

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