Gold Goes to War With the US Dollar as Risk Appetite Dwindles

From dailyfx.com

Gold prices are currently holding steady around the $1,800 handle as a shift in risk sentiment boosts demand for safe-haven assets. After central banks announced their plans to address rising inflation, concerns over the spread of the Omicron variant and a potential blow to Joe Biden’s $1.75 trillion investment plan fueled uncertainty, raising doubts over further economic growth. Although the precious metal has been on a downward trajectory since the beginning of the year, the geopolitical backdrop may allow Gold and Silver to regain confidence, at least for now. Gold prices are currently trading within a confluent ... (full story)