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Gold prices were flat on Monday, as subdued U.S. bond yields helped offset pressure from growing prospects of the U.S. Federal Reserve tightening policy at a faster pace.
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Gold prices eased on Monday, resuming a broad decline from the previous week, as the dollar firmed and risk sentiment recovered with markets weighing how severe the economic impact would be from the Omicron coronavirus variant.
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Russia's Norilsk Nickel said it has raised its 2021-2030 investment estimate by $6 billion to $35 billion to reflect higher construction costs and increased investment in energy infrastructure upgrades.
Gold prices edged higher on Monday as concerns over the impact of the Omicron coronavirus variant offset a stronger dollar, with investors assessing whether the emergence of the variant could change the U.S. Federal Reserve's hawkish stance.
Gold prices edged higher on Monday, as concerns over the impact of the possibly vaccine-resistant Omicron coronavirus variant supported the precious metal's safe-haven appeal.