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Gold holds tight range as higher yields counter Omicron fears

Gold holds tight range as higher yields counter Omicron fears

22 Dec 2021

Gold traded within a tight range on Wednesday as higher U.S. Treasury yields and improved risk appetite countered concerns about the rapidly spreading Omicron coronavirus variant. Spot gold was little changed at $1,789.12 per ounce by 0126 GMT. U.S. gold futures also remained unchanged, at $1,789.50.