Forex. Gold exchange rate forecast for today
The gold exchange rate in the middle of the week fell to $1,789 per ounce, after which it turned around to the levels of the European session.
The US stock market ended mixed on Wednesday, due to the strengthening of the healthcare, utilities and raw materials sectors. The market is showing weakness against the background of negative dynamics from telecommunications, oil and technology. This time, gold turned out to be weaker than liquid securities.
At the close on the New York Stock Exchange, the Dow Jones rose by 0.25%, reaching a historic high, the S&P 500 index rose by 0.14%
Investors are watching the impact of omicron on the economic recovery. According to media reports, the UK will not tighten restrictive measures until the end of the year, despite the increase in the number of cases of diseases. France will continue to tighten measures to combat COVID-19, but will not impose a curfew on New Year's Eve. The United States has reduced the recommended time spent in self-isolation for infected Americans from 10 to 5 days.
China's news signals are positive for investors. The People's Bank of China confirmed that the exchange rate of the yuan in 2022 will be more flexible and will generally remain stable at a reasonable and balanced level. The central bank added that it will ensure an increase in the total loan size in 2022.