Gold Prices Cede Ground as Omicron Fails to Charge Breakeven Rates

Gold Prices Cede Ground as Omicron Fails to Charge Breakeven Rates https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/12/29/Gold-Prices-Cede-Ground-as-Omicron-Fails-to-Charge-Breakeven-Rates.html Gold prices remain weak through APAC trading after a stronger US Dollar dragged on bullion. Breakeven rates have risen due to Omicron, but inflation expectations remain off December highs.

About Post Author

Ivy Chu

ivy@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News FX

India Gold price today: Gold falls, according to FXStreet data 16 December 2025

Gold prices fell in India on Tuesday, according to data compiled by FXStreet.

Malaysia Gold price today: Gold falls, according to FXStreet data 16 December 2025

Gold prices fell in Malaysia on Tuesday, according to data compiled by FXStreet.

Gold drifts lower on profit-taking, traders await US NFP release 16 December 2025

Gold price (XAU/USD) loses momentum below $4,300 during the early Asian trading hours on Tuesday, pressured by some profit-taking and weak long liquidation from the shorter-term futures traders. Furthermore, optimism around Ukraine peace talks could weigh on the safe-haven asset like Gold.

When are the German/ Eurozone flash HCOB PMIs and how could they affect EUR/USD? 16 December 2025

The preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for December is due for release today at 08:30 and 09:00 GMT, respectively.

Silver Price Forecast: XAG/USD breaks below 100-hour SMA pivotal support near $62.50 16 December 2025

Silver (XAG/USD) attracts some sellers during the Asian session on Tuesday and reverses a part of the previous day's move up back closer to the record high. The white metal slides further below mid-$62.00s in the last hour, losing over 2.5% for the day.

USD/CAD flattens around 1.3770 ahead of delayed US NFP data 16 December 2025

The USD/CAD pair trades in a tight range around 1.3775 during the Asian trading session on Tuesday.

Japanese Yen remains on the front foot amid rising BoJ rate hike bets and softer risk tone 16 December 2025

The Japanese Yen (JPY) climbs to a one-and-a-half-week top against a broadly weaker US Dollar (USD) during the Asian session on Tuesday and seems poised to appreciate further. Market participants seem convinced that the Bank of Japan (BoJ) will raise interest rates this week.

South Korea Money Supply Growth fell from previous 7.2% to 7.1% in October 16 December 2025

South Korea Money Supply Growth fell from previous 7.2% to 7.1% in October

WTI declines below $56.50 on potential Russia-Ukraine peace deal 16 December 2025

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.35 during the Asian trading hours on Tuesday. The WTI price remains under selling pressure amid renewed signs of optimism surrounding a deal to end the war in Ukraine.

GBP/USD remains confined in a range above mid-1.3300s ahead of UK jobs report 16 December 2025

The GBP/USD pair extends its sideways consolidative price move through the Asian session on Tuesday and currently trades around the 1.3370-1.3365 region, nearly unchanged for the day.

NZD/USD weakens below 0.5800 on disappointing Chinese data, US NFP data in focus 16 December 2025

The NZD/USD pair trades in negative territory for the fourth consecutive day around 0.5775 during the early Asian session on Tuesday. The downbeat Chinese economic data exert some selling pressure on the New Zealand Dollar (NZD) against the US Dollar (USD).

PBOC sets USD/CNY reference rate at 7.0602 vs. 7.0656 previous 16 December 2025

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0602 compared to the previous day's fix of 7.0656.

AUD/USD remains depressed below mid-0.6600s; downside seems limited ahead of US NFP report 16 December 2025

The AUD/USD pair attracts some sellers for the fourth straight day on Tuesday and trades around the 0.6630 region, down just over 0.10%, during the Asian session.

Japan Jibun Bank Manufacturing PMI came in at 49.7, above forecasts (48.8) in December 16 December 2025

Japan Jibun Bank Manufacturing PMI came in at 49.7, above forecasts (48.8) in December

Japan Jibun Bank Services PMI declined to 52.5 in December from previous 53.2 16 December 2025

Japan Jibun Bank Services PMI declined to 52.5 in December from previous 53.2

Australia Westpac Consumer Confidence increased to 94.5% in December from previous 12.8% 15 December 2025

Australia Westpac Consumer Confidence increased to 94.5% in December from previous 12.8%

USD/JPY weakens to near 155.00 amid BoJ rate hike bets, US data awaited 15 December 2025

The USD/JPY pair loses traction to around 155.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid the expectation that the Bank of Japan (BoJ) will raise interest rates at the upcoming policy meeting on Friday.

Australia S&P Global Manufacturing PMI climbed from previous 51.6 to 52.2 in December 15 December 2025

Australia S&P Global Manufacturing PMI climbed from previous 51.6 to 52.2 in December

Australia's S&P Global Manufacturing PMI rises to 52.2 in December 15 December 2025

The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 52.2 in December versus 51.6 prior, the latest data published by S&P Global showed on Friday.

EUR/USD supported above 1.1700 as weaker Dollar sets tone before NFP 15 December 2025

EUR/USD holds firms above the 1.1700 threshold on Monday as the US Dollar weakens while investors wait for the latest Nonfarm Payrolls report on Tuesday. At the time of writing, the pair trades at 1.1739 unchanged.

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

Gold Prices Cede Ground as Omicron Fails to Charge Breakeven Rates

About Post Author

Ivy Chu

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Dollar Down, But Still in Holiday-thinned Trading

Crude Oil Jumps Up While Equities Aim Higher For Year End. Can WTI Continue To Climb?

Featured widget

Crude Oil Over Crypto

Breaking News

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget