Gold prices show slight decline

Gold prices declined on December 29, with investors maintaining risk sentiment amid easing concerns over COVID, Report informs referring to the auction data.

The price of February gold futures on the New York Comex stock exchange fell 0.27%, or $5.05, to $1,805.85 per troy ounce.

The precious metal market showed negative dynamics as investors regained risk appetite amid declining epidemiological concerns. Earlier, the US Centers for Disease Control and Prevention (CDC) lowered estimates of the spread of omicron variant to 59% of COVID cases in the country.