Gold Slips Below $1800 as Investors Weigh Omicron Risks
- New strain milder than earlier variants, Oxford scientist says
- Bullion is heading for its first annual loss in three years
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Gold declined for a second day as investors weighed evidence that the omicron virus variant doesn’t pose a major threat to global economic growth.
The metal fell as much as 0.7%, breaching the psychologically important $1800 an ounce level. Thin trading during the holiday season may be contributing to larger swings in the price.