Despite the high risk appetite in the markets, the yellow metal’s trading is stable in the middle of the trading session today, Wednesday, December 22, less than two days before entering the Christmas holiday, as gold is trading at levels of 1786 dollars per ounce, down by about 0.12%, while silver trades at levels of 22.48 dollars per ounce. down by about 0.06%.

The calming of fears about the new mutated Omicron, despite its rapid spread, raised the risk appetite in the markets, as we followed statements by Moderna Company, in which it confirmed that another booster dose of its vaccine would be sufficient against Omicron for US President Joe Biden to announce that the United States of America would not announce a new closure, such as March 2020 With vaccinators reaching more than 200 million Americans, the country is now more prepared than before.

This positivity in the markets, which overshadowed the fears of European countries that began imposing some restrictions for Christmas, supported the rises of risky assets, as the Dow Jones index achieved gains of more than 500 points at the close of the session yesterday, Tuesday, while supporting the declines of the yellow metal classified among the safe havens affected by the rise in risk appetite.

To continue trading below the levels of 1800 dollars, despite the decline in momentum and liquidity since the beginning of the week. In terms of economic data, we will follow today the consumer confidence index and US home sales, in addition to the final reading of the growth, while the United States of America is expected to announce the preferred inflation data of the PCE tomorrow, Thursday.

Platinum, in turn, is trading down by about 0.32% and is trading at $931 levels, while palladium is rising by about 1% and trading at $1.810 levels.