The continued decline of the US dollar still supports gold bulls in moving higher.
had a record close of 69 this year, led by the energy and technology sectors, although volumes were below average. While the highly transmissible omicron variant is spreading rapidly around the world, studies show that disease caused by the new strain is not as severe as previous waves.
Bullion heads for its first annual loss in three years as global central banks begin to roll back pandemic-era stimulus to contain inflation, while investors also watch the threat omicron poses to economic activity. The United Kingdom said it will not impose stricter restrictions on Covid-19 in England before the end of the year despite the increase in cases, while the United States has reduced the recommended isolation time for Americans infected with the virus to five days from 10 days.
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