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Price of gold falling

Price of gold falling
Price of gold falling

Due to the alternative "safe" investment - the growth of US government bond yields, the price of gold on the world market fell slightly.

Gold futures for February delivery fell 0.06% to $ 1.1 an ounce on the New York Mercantile Exchange and stood at $ 1,778.4 an ounce.

The fall in the precious metal price is fueled by the yield on the U.S. ten-year treasury, which has risen to 1.38%, making it more attractive for "safe" investments.

In addition, the price of the precious metal is declining due to concerns about the "Omicron" strain of the coronavirus.

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