Gold price recovering after decline

Gold is rising in price on December 3 morning after falling by 1.2% on the previous trading day, Report informs referring to the auction data.

The price of February gold futures on the New York Comex stock exchange rose 0.71%, or $12.45, to $1,775.1 per troy ounce.

Investor uncertainty stems from the spread of a new COVID-19 strain called omicron, which some experts say is more resistant to vaccines. Cases of infection with the strain have already been identified in a number of countries, as a result of which governments are tightening restrictions on movement.