Gold falls again in the market while the dollar gains strength

Gold has started this week falling after having been rising on omicron fears. Right now, the ounce for spot delivery is down slightly by 0.02% to $1,782.66.

The US Federal Reserve Chairman's speech that inflation should not be termed "transitory" and that the withdrawal of monetary stimulus needs to be accelerated pushed gold to a slight that this week.

While gold is falling, the dollar (which like gold is seen as a safe-haven asset) continues to gain on investors' fears about the new variant of covid-19.

According to the index that measures the US currency against a basket of rival currencies is up 0.25%, to 96.36.

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