Gold records highs in the middle of trading today, Monday, January 17th, in the opening session of the week, by about 0.25%, and is trading at levels of $ 1821 per ounce, to regain its gains that were absent in the last two sessions last week, despite recording weekly gains that exceeded 1%, taking advantage of the declines of the US dollar.

Inflation rose in the United States of America in December, according to data released at the end of last week, to 7%, recording the highest inflation reading in forty years.

It is also a supportive factor for the rise in gold, which is known as one of the most important tools and assets used to hedge against inflation, ignoring at the same time its extreme sensitivity against rising interest rates.

The US, because it will increase the opportunity cost of acquiring gold. On the other hand, cases of infection with the Corona virus in its new strain, Omicron, continue to record record levels all over the world, which constitutes support for the heights of assets and safe havens, with the yellow metal coming at the forefront.

The COT report issued by the Commodity and Futures Trading Authority, which reflects the concentrations of major investors and portfolios for the past week, showed a decline in the purchasing concentrations of gold, bringing the volume of concentrations to 199,737 thousand contracts, compared to 211.355 thousand contracts the previous week.

Silver, in turn, records gains today, Monday, by about 0.43%, and it is trading at levels of $ 23.05 an ounce.

Platinum is trading at levels of $974, an increase of about 0.41%, while palladium is rising by 0.97%, and it is trading at levels of $1896.