Gold investors have begun to feel relieved after the rise in the value of gold crossed the $ 1,800 level again in the New York session yesterday.
The situation was driven by the significant depreciation of the US dollar yesterday after the US economic data was published positive.
Investors who re-evaluated positive changes to risky sentiment in the past have put pressure on safe-haven currencies including the US dollar.
Developments against the Omicron coronavirus, studies show the risk is declining and re -recovering the global economic outlook.
The price of gold yesterday has risen from the level of $ 1,785 and reached the level of around $ 1,808 as far as the European session today (Thursday).
Similarly, crude oil commodities are increasingly showing a recovery with the increase exhibited.
Limited supply and declining U.S. crude oil inventories have boosted oil prices in the market although Omicron’s contagion concerns factors are still keeping investors wary.
Brent oil hovered at $ 75.29 a barrel and US WTI oil hovered around $ 72.50 a barrel around the European session.
