News: December 19, 2021. Gold Crosses US$ 1800 as Omicron Variant Creates Uncertainty

in #hive-1679223 years ago

Picture Steemit SteemLeo World Finance.jpg

The gold price crossed US$ 1800 per ounce. This rise in gold represents a 3 week high. The main reason for it seems the uncertainty created by the appearance of a new variant of the SARS CoV 2 virus, the Omicron variant.

In spite of the Omicron variant appearing to be less severe than the Delta variant, the fact that some countries are resolving to enact lockdowns is worrisome for the future of the economy. Gold prices react to uncertainty.

screen_shot_2021_12_20_at_12.48.44_am.png

Graph from here

For further information read here.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
Sort:  

Thanks for sharing this wonderful post and have a great week.

Gold price is increasing day by day. If prices continue to rise, ordinary people will not be able to afford to buy them, which means that those who use them as ornaments will not be able to use them.

Yes, towards uncertainty is the key word of this post, I think. Why? Because no one knows where this game rolls and ends?!