Oil Soars, Gold Soars, U.S. Stocks Soar, Investors Worried About 'Omicron' Mutation
Oil prices jumped nearly 5สมัครสมาชิก SLOTXOpercent on Monday (Dec. 6) in hopes the Omicron coronavirus would have little or no negative effect on the economy. If there is little proof that it can be done This factor drives Wall Street to turn negative. while the movement of the capital market pulls gold down
The West Texas Intermedia crude oil contract, or Light Sweet, will deliver in January. It was up $3.23 to close at $69.49 a barrel. February delivery of Brent North Sea London was up $3.20 to close at $73.08 a barrel.
A report in South Africa indicated that Omicron-infected patients had mild symptoms and Dr. Anthony Fauci, a senior US official Infectious Diseases told CNN that as far as it has been seen, Omikron does not seem to cause serious disease. But he also stressed that It's too early to draw any conclusions. and will have to wait for the results of further studies
The White House on Monday (Dec. 6) said the US measures To ban foreign tourists from eight southern African countries from entering the country. It's something that President Joe's public health advisory board. Biden will review it on a daily basis.
U.S. stocks were closed on Monday (Dec. 6) helped by banking and energy stocks. and reduce concerns about the novel coronavirus' omikron mutation.
The Dow was up 646.95 points (1.87 percent) at 35,227.03. S&P was up 53.24 points (1.17 percent) to close at 4,591.67. The Nasdaq was up 139.68 (0.93 percent) at 15,225.15.
Three major indices fell last week. Health officials are tracking Omicron, the newest COVID-19 mutation, as the Delta mutant continues to spread widely in many countries.
However, the concerns eased on Monday (Dec 6) “The news that Omikron has mutated is not as severe as everyone thought. Help restore confidence to the market again,” the analyst said.
Capital market movements drive investors to turn a blind eye to low-risk assets. meanwhile Gold markets on Monday (Dec. 6) also watched the Federal Reserve's (Fed) interest rate policy rate and policy outlook for February delivery, down $4.40 to close at $1,779.50 an ounce.