Market participants focused on the most current events in the financial market that directly affect gold pricing which is higher treasury yields and a stronger U.S. dollar. The dollar gained 18 points today (+0.19%) taking the dollar index to 96.295.

For the first time since November 17 gold futures had substantial gains, and most importantly closed very near the highs of the day.

Yesterday’s commentary first began with the news that the CDC had confirmed that they have identified the first case of the Omicron variant in America.