Gold prices fall amid dollar’s growth

Gold prices on December 27 morning slightly decreased due to the growth of the US dollar, Report informs referring to the auction data.

The price of February gold futures on the New York Comex exchange fell 0.07% ($1.35) to $1,810.3 per troy ounce.

There is a negative trend in the gold market, which was facilitated by the dollar, the index of which (its rate against a basket of currencies of six countries - the main trading partners of the US) is growing by 0.12%, to 96.13 points.

In addition, the decline in fears about the epidemiological situation contributed to the decline in prices for the precious metal as a safe-haven asset - studies have shown that omicron is no more dangerous than others.