Here is our next video about Gold price analysis for December 2021. Gold price December might be under pressure as expectations are rising that higher inflation might prompt FED to adopt a hawkish approach and speed up the interest rate hikes.
On the other side, the Gold price analysis December is showing that Gold price is finding some support on investors’ worries that there might be more unforeseen risk to the global economy posed by the Omicron coronavirus variant.
The severity of the new Omicron Covid variant could take “days to several weeks” to assess, however the World Health Organisation warned on Monday that it posed a “very high” global risk. New cases were detected in at least a dozen countries with mild symptoms so far in South Africa – something that would also affect Gold in December 2021.
As per the Gold chart, the price seems slightly higher, pushing through the $1800 resistance. A break further above, could see Gold price prediction at around $1867 – $1878 area (November highs).
Watch the full video for our take on Gold price analysis and a deeper insight into what to expect in the weeks ahead from our Gold price forecast. Drop us a line in the comments with your thoughts on the Gold price analysis today.
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00:00 Intro
01:33 Will Recent Risks Power Gold?
03:44 Support and resistance
04:30 Technical analysis
08:49 Recap
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