Gold snubbed as a refuge from the Delta variant: price down to $ 1,800

Gold no longer seems like an attractive haven for Covid-frightened investors. While the Delta variant triggered a flight from risk on the markets, the precious metal lost altitude, returning to test the threshold of $ 1,800 an ounce, down by about 1% in the week (the low reached on Wednesday 21 in London is $ 1,793). A different reaction from what one might expect from the bullion in times of uncertainty.

The fear of the pandemic last year made a contribution …