Gold price holds steady as investors assess omicron risk

Gold prices held steady, hovering close to a three-week peak, as the spread of the omicron coronavirus variant continues to smother investors’ appetite for riskier assets, lifting bullion’s safe-haven appeal.

Gold price hits daily highs

Gold pared its losses and rose to new daily highs as Federal Reserve Chair Jerome Powell explains 'real-time' policy making, inflation and maximum employment.