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Soaring US Covid Count Keeps Gold Afloat

Published on Dec 31, 2021 12:32

COMEX Gold stayed broadly supported after breaking above $1800 per ounce amid sustained Covid-19 worries. The US reported nearly half a million new COVID infections in a single day, marking the largest daily total of any country during the pandemic. More than 486,000 new cases were reported in a 24-hour period, the Centers for Disease Control and Prevention said Thursday. Fifteen states reported a record-high number of average daily infections: Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Virginia and Washington. Puerto Rico and Washington, D.C., are also averaging more daily cases than ever. This kept the metal around $1820 per ounce- around its five week high.

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