South Africa Scientists Find Omicron Coronavirus Variant: Gold Rises, Oil Falls

One financial market has been hit even harder by the Omicron variant than stocks: commodities. How will the new variant affect gold prices and oil prices going forward? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   South Africa Discovers Omicron Variant: Gold Rises, Oil Falls Dear Reader, Omicron - a new COVID-19 variant is making the rounds, and already analysts are talking about a sell-off. The news about new variants of the coronavirus discovered in South Africa are indeed worrying, especially given that we don’t quite know its full range of effects yet - and that several new mutations may be propagating at once. Uncertainty is Poison for the Stock Markets In principle, the stock markets can deal with bad news if they know exactly how bad it is. But uncertainty is poison for the stock markets. Accordingly, the Dow and DAX corrected significantly on Friday. But there have been even larger movements on the non-equity markets... Oil: Steepest Decline Since April 2020 One of the most discounted things for sale on Black Friday was oil; it lost more than $10 intraday. Brent crude fell as low as $72. At the beginning of November, the price was still almost $86. It’s the steepest decline since April 2020.   Oil Oversupply Again Soon? The trigger for the sharp decline is concern that the spread of the new virus variant could affect oil demand more severely, and that we might even see oversupply again next year. However, it’s worth remembering that trading volume was very thin last week due to the Thanksgiving holiday in the U.S., which may have temporarily exaggerated oil’s slide. Gold in Demand Again as a Safe Haven In contrast to oil, gold has made a new start and is now on the verge of cracking the technically-important $1800 level. Although interest rate hikes are expected soon in the U.S., there are fears that an overly-rapid rate hike could stall the economic recovery again because of the new virus variant.   Industrial Metals Come Under Pressure However, the high level of risk aversion among market participants is bringing gold back into focus as a safe haven. In contrast, industrial metals such as silver are coming under pressure, in part due to a spike in margin calls during the recent selloff. Have a great weekend, Dr. Gregor Bauer Chief Analyst, European Markets  Sponsored Message [Write This Number Down]( According to renowned venture capitalist Matt Milner, that 10-digit number could be the code that could help you turn a small investment into a fortune… Of course, no investment is guaranteed, and ALL investing carries risk. But understand this: That code isn’t a public stock ticker. And it’s not a code for an option, warrant, corporate bond, or anything else you’ve seen before, either… Matt Milner himself will show you everything you need to know in the video [right here…](  © 2021 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States