Gold prices remained almost unchanged on January 19 morning under the influence of a number of factors, Report informs.
The price of February gold futures on the New York Comex stock exchange remained at the previous close of $1,812.55 per troy ounce.
On the one hand, gold is under pressure from rising US government bond yields, which makes the precious metal less attractive to buy as alternative ‘safe’ savings. The 10-year US Treasury yield rose to 1.879% from the previous close of 1.868%.
On the other hand, investors remain concerned about the spread of the omicron strain of coronavirus, which reduces the desire to take risks and encourages investors to buy a safe-haven asset.