Gold down, Investing.com is on track for its biggest annual decline since 2015
[ad_1]
Author: Gina Lee
Investing.com – Gold fell on Thursday morning in Asia as investors continue to monitor the involvement of the omicron COVID-19 variant and central banks in removing the stimulus from the monetary stimulus.
It fell 0.15% to $ 1,803.15 at 22:18 ET (3:18 GMT). , which usually moves in the opposite direction to gold, fell an inch on Thursday, and the benchmark 10-year U.S. Treasury yields were close to a month high.
Yellow metal has fallen by almost 5% so far in 2021 and is expected to record the biggest year-on-year decline since 2015. However, investors expect the thin gold trade and range to be limited by the end of the year.
In Asia-Pacific, South Korea showed a 5.9% better-than-expected rise in November. However, the data also showed a month-on-month increase of 1.9% than expected.
Shares in Asia Pacific rose mostly on Thursday, although cases of the omicron COVID-19 variant rose. Investors also continue to focus on removing money stimulus from central banks.
In China, the latest outbreak of COVID-19 in the western city of Xi’an continues, and the country released its own and the Managers of Purchasing Managers’ Index (PMI) on Friday.
Other precious metals fell by 0.1% in silver, platinum and platinum.
Fusion Media or anyone involved with Fusion Media will not be held liable for any loss or damage as a result of relying on the information contained in the data, estimates, charts and buy / sell signals contained in this website. Please be informed that one of the most risky forms of investment possible is the full information on the risks and costs associated with trading in the financial markets.
[ad_2]
Source link
