Gold prices fell in Asia Monday morning (Jan. 3) after rising nearly 1% to over $1,830 just before the New Year.
- Gold futures were down 0.11% to $1,826.25 an ounce. After hitting a one-month high of $1,831.49.
- Silver futures were down 0.2% at $23.17 an ounce.
- Platinum futures were up 0.8% at $963 an ounce.
- Palladium futures were up 0.6% at $1,841 an ounce.
Gold trading remains sparse as major markets in the Asia-Pacific region, including China, Japan, and Australia, are closed for long holidays.
Meanwhile, the surge in COVID-19 cases has led to the cancellation of more than 4,000 flights worldwide, more than half of which were U.S. flights. The rise in COVID cases that is expected to continue to rise after the holiday travel could support gold prices and further lift the price.
In the Asia-Pacific region, gold discounts in India rose to a five-month high last week. Investors continue to be worried due to the rising COVID cases. This is noticeably depressing demand for physical gold in Asia.
The Spot Market is Open
Monday, January 3, 2022
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 11.35 | 1,825.90 1,826.90 | -3.90 -0.21% | 1,824.40 1,833.20 |
| Silver 11.35 | 23.17 23.27 | -0.13 -0.54% | 23.10 23.48 |
| Platnum 11.35 | 963.00 973.00 | 0.00 0.00% | 960.00 983.00 |
| Palladium 10.40 | 1,841.00 1,991.00 | -4.00 -0.22% | 1,827.00 1,999.00 |
| Rhodium 06.00 | 13,300.00 15,300.00 | 0.00 0.00% | 13,300.00 15,300.00 |