Business News Asia
Gold Able to Climb Above $1,810 Again
Gold futures could jump back above $1,810 for the first time on Monday (Dec. 27) amid positive and negative factors affecting the market.
Tuesday morning in Asia, gold is moving lower for now and is at $1,810.60 at 7:46 ET, down $1.1 or 0.06%.
The gold price continues to be pressured by the strong U.S. dollar, which makes gold more expensive for holders of other currencies.
Experts predict a strong year for gold in 2022 as worries about inflation look set to worsen. This will give a boost to gold, which is an inflation hedge asset. On the other hand, the Fed plans to end QE in 2022 and is trying to raise interest rates. 2022 will be an interesting year, as many factors such as the ongoing pandemic are still causing uncertainty.
This week, however, a quiet trade is expected as many markets are closed and the end of the year is near.
The Spot Market is Open
Tuesday, December 28, 2021
| Market Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 05.00 | 1,811.90 1,812.90 | +2.70 0.15% | 1,802.70 1,814.40 |
| Silver 05.00 | 23.05 23.15 | +0.19 0.83% | 22.61 23.20 |
| Platinum 05.00 | 972.00 982.00 | +1.00 0.10% | 947.00 985.00 |
| Palladium 05.00 | 1,910.00 2,060.00 | +24.00 1.27% | 1,876.00 2,090.00 |
| Rhodium 05.00 | 13,300.00 15,300.00 | +325.00 2.50% | 12,975.00 15,300.00 |
