(Bloomberg). — The dollar fell, but gold held its gains. Silver gained a boost due to signs of a better U.S. economic.

The Bloomberg Dollar Spot Index steadied on Thursday after its biggest three-day drop since the end of November, boosting bullion’s appeal. After the U.S. final gross domestic product reading was revised higher, silver maintained gains. This boosted the outlook for metals that are exposed to industrial production.

Investors remain uncertain as to how the omicron strain of virus will affect global economies. Although studies have indicated it is less likely than the delta version to bring patients to the hospital, officials around the world remain cautious and put in place restrictions to stop its spread.

“The gold market is expected to be choppy and noisy,” trading between resistance at $1,810 an ounce and support at $1,760, Avtar Sandu, a senior manager of commodities at Phillip Futures Pte., said in a report. “Momentum is lacking and prices most likely will consolidate” until year-end. He said that silver and other precious metals for industrial uses are poised for revival as investors move past the omicron.

The first year of annual losses for Bullion in the last three years is due to central banks reducing pandemic-era stimulation to curb inflation. By 9:56 in Singapore, spot prices had risen 0.2% and were at $1,806.65 

Following Wednesday’s 1.3% rise, silver was little change. After surging over 7% in just two days, palladium fell 0.8% while platinum was stable after an increase of 3.2% on Wednesday.

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