Both gold and silver had significant gains resulting from a combination of dollar weakness and continued fears regarding the economic effect of the Covid-19 variant omicron.

Today, we had a mixed bag in the precious metals markets, resulting in gold declining for the second consecutive day, and silver recovering and trading higher after yesterday’s decline. Yesterday, market participants in U.S.

As of 4:10 PM EST gold futures basis, the most active February 2021 Comex contract is currently fixed at $1789.80 after factoring in today’s net decline of $15.10 (-0.84%).