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Gold steady as rising bond yields counter Omicron worries

Gold steady as rising bond yields counter Omicron worries

03 Jan 2022

Gold prices held steady on Monday as higher U.S. Treasury yields offset safe-haven buying sentiment due to an Omicron-driven surge in COVID-19 infections globally. Spot gold remained mostly unchanged at $1,830.09 per ounce by 0058 GMT, after hitting a more than one-month high of $1,831.49 during the session.