Gold futures settled lower on Tuesday as improved investor appetite for riskier assets countered concerns about the rapidly spreading Omicron coronavirus variant. Moreover, US Treasury yields popped higher that’s also creating a further headwind for gold prices.
Gold futures for February delivery shrunk by 0.3% or $5.90 to settle at $1,788.70 an ounce on the Comex division of the New York Mercantile. Spot gold was dipped by 0.18% to $1,788.77 per ounce.