Gold fell on Tuesday morning in Asia, with the dollar recovering and US Treasuries benefiting from gold's decline.
Gold futures fell 0.06% to $1,778.50 by 10:52 PM ET (3:52 AM GMT). The Dollar fell on Tuesday but remained above the 96 mark as concerns about the COVID-19 omicron variant are just starting to fade.
Bank of England Deputy Governor Ben Broadbent on Monday said UK inflation could "beyond" 5% by April 2022 and the tightening labor market risks becoming a persistent source of inflation. more persistent.
Investors find it very difficult to predict how central banks will adjust their monetary policy to contain high inflation. They now look to next week, when the US Federal Reserve, European Central Bank and Bank of England will deliver their December policy decisions in a 24-hour period.
In Asia Pacific, the Reserve Bank of Australia kept interest rates steady at 0.10% as they made their policy decision earlier in the day. The Reserve Bank of India will decide one day later.
In terms of Chinese data released earlier in the day, exports were up 22% year-on-year and imports were up 31.7% year-on-year, in November. at $71.72 billion.
The Perth Mint said on Monday that sales of gold products in November rose about 94% month-on-month to an eight-month high. SPDR Gold Trust (NYSE:GLD) (P:GLD) said its stocks fell about 0.2% to 982.64 tons on Monday from 984.38 tons on Friday.
In other precious metals, silver fell 0.2% and palladium fell 0.3%. Platinum is steady at $938.00.
Xem thêm:
