Gold, silver lose sheen
The Hindu
The Comex gold price is still coiling in a tight range, indicating a contraction in volatility.
After a subdued trend in the early part of December, both gold and silver managed to edge up in the second half. Precious metals however lost their sheen in the year 2021 with Comex gold recording its worst yearly performance since 2015.
Going forward, news flow regarding the spread of COVID-19 along with the movement in the U.S. bond yield would play a key role in influencing precious metals’ prices.
Comex gold closed 2.9% higher at $1,828.6 an ounce at the end of December. Comex silver gained 2.3% to settle at $23.35 an ounce.
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