Gold holds near $1815 per ounce

Published on Dec 29, 2022 15:48

Gold managed to hold near $1815 per ounce amid heightened risk aversion as equities were hit by year end selling pressure. The US equities moved sharply lower over the course of the session yesterday. With the steep drop on the day, the tech-heavy Nasdaq ended the session at its lowest closing level in over two years. The major averages finished the session just off their worst levels of the day. While the Nasdaq plunged 139.94 points or 1.4 percent to 10,213.29, the S&P 500 dove 46.03 points or 1.2 percent to 3,783.22 and the Dow tumbled 365.85 points or 1.1 percent to 32,875.71.