Gold prices have risen to their highest level in six weeks before giving up their earnings and stabilizing today, Monday, after gold purchases, which were boosted by high infections of the Omicron mutated strain of the Corona virus, offset pressures from rising U.S. Treasury yields .
The price of gold in spot transactions changed little, registering 1826.58 dollars an ounce, after having reached the highest level since 22 November at 1831.49 dollars at the beginning of the session. US gold futures fell 0.1% to $ 1,826.70.
As for the other precious metals, silver fell 0.5% in spot transactions to $ 23.15 an ounce and platinum rose 0.4% to $ 966.00.
Palladium was up 0.4% to $ 1,899.81 an ounce.
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