On Tuesday (December 22), the price of gold fell in the New York market. Spot gold fell by 0.91%. It was as low as US$1,859.72 per ounce, which was nearly US$25 from the daily high. Investors reduced their exposure to high-risk currencies such as the British pound. Exposure, the dollar soared, making gold more expensive for holders of other currencies. On December 22, the U.S. dollar rose in quiet trading. Concerns about the lockdown and travel restrictions caused by the mutation of the new crown virus in the United Kingdom weakened people’s optimism about the passage of the stimulus bill by the U.S. Congress. According to media reports, EU governments are preparing to continue negotiations on Brexit after January 1, 2021, and the decline in the British pound has narrowed. As the US dollar rebounded sharply, spot gold fell nearly 1% for a time, and the refresh day was as low as US$1,858.99 per ounce.
Today, after the opening of the Asian morning, the price was under pressure. After falling to 1858, the price started to rebound. It is currently at 1866. Prices are generally in a state of contraction, and the upper and lower curves of the Bollinger Bands are hedged. Prices have not crossed the midline, and the overall pressure is under pressure.
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