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Author Topic: Gold futures prices narrow The solid dollar blocks the positive range in the mar  (Read 693 times)

Darren Criss

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Gold futures prices narrow The solid dollar blocks the positive range in the market.

Gold futures prices narrow today. Among the positive and negative factors that affect the market

Gold contract on COMEX (Commodity Exchange) for delivery in Feb. plus $1.10 or 0.06% to $1,812.80/ounce

The price of gold was supported by orders as a safe haven asset. Amid concerns about the spread of the COVID-19 virus Omicron species

However, gold prices are still under pressure from the strong dollar. which will reduce the attractiveness of gold by making gold contracts more expensive for holders of other currencies.

Experts predict that gold prices could rebound next year. This was driven by concerns about inflation. which will be a boost to gold which is an asset to hedge against inflation

Analysts expect trading to be quiet this week. As the end of the year approaches



Ayanda

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