Gold Futures Fell $5.90, While Stock Markets Closed Higher

Gold futures price fell Tuesday (Dec. 21), by $ 5.90 after stock markets partially recovered yesterday.

  • Gold futures fell $5.90 to close at $1,788.70 per ounce.
  • Silver futures were up 23.8 cents, or 1.07%, at $22.529 an ounce.
  • The platinum contract was up $1.4, or 0.15%, at $927.8 per ounce.
  • The palladium futures rose $47.20, or 2.7%, at $1793.10 an ounce.

The movement in the positive area of the stock market caused the price of gold to fall. Nevertheless, the gold price remains near the $1,800 mark as the global signals such as the Omicron variant and the rising inflation resulting in negative real interest rates have not changed.

According to the U.S. CDC, the omicron is now the predominant strain in the United States, accounting for 73% of total COVID-19 cases. The United States ranks first worldwide in both the number of confirmed COVID-19 cases and the number of deaths, with more than 52 million infections and more than 828,000 deaths.

The Danish Ministry of Health announced today that the Covid 19 virus Omicron is now the predominant variant in Denmark.

The Spot Market is Open

Wednesday, December 22, 2021

Metals
Updated at
USD
Bid/Ask
Ounce
Change

Low/High
Gold
08.00
1,788.50
1,789.50
-0.60
-0.03%
1,788.10
1,792.20
Silver
08.00
22.46
22.56
-0.03
-0.13%
22.43
22.59
Platinum
08.00
934.00
944.00
-1.00
-0.11%
933.00
946.00
Palladium
08.00
1,731.00
1,881.00
-4.00
0.23%
1,719.00
1,881.00
Rhodium
06.00
12,950.00
14,950.00
0.00
0.00%
12,950.00
14,950.00

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