KONTAN.CO.ID - JAKARTA. Gold eased into a tight, choppy range as investors tried to gauge the impact of soaring Omicron coronavirus cases, and rising inflation on the Federal Reserve's monetary tightening plans while squaring positions heading into year-end. Spot gold was steady at $1,795.26 per ounce, as of 1553 GMT, while U.S. gold futures fell 0.5% to $1,795.50 per ounce. Global equities retreated on worries over the impact of tighter COVID-19 curbs, but safe-haven inflows into gold seemed to have stalled.
Gold stalls in choppy trading as investors weigh Omicron impact
KONTAN.CO.ID - JAKARTA. Gold eased into a tight, choppy range as investors tried to gauge the impact of soaring Omicron coronavirus cases, and rising inflation on the Federal Reserve's monetary tightening plans while squaring positions heading into year-end. Spot gold was steady at $1,795.26 per ounce, as of 1553 GMT, while U.S. gold futures fell 0.5% to $1,795.50 per ounce. Global equities retreated on worries over the impact of tighter COVID-19 curbs, but safe-haven inflows into gold seemed to have stalled.