Gold prices off one-week high as risk appetite improves

Gold prices slipped from a one-week high in thin trading on Tuesday, as easing concerns over the Omicron coronavirus variant and strong U.S. retail sales data boosted risk appetite.

Spot gold was down 0.1% at $1,809.68 per ounce by 0457 GMT, after hitting its highest since Dec. 17 on Monday. U.S. gold futures were up 0.1% at $1,810.90.

Spot silver fell 0.2% to $22.99 an ounce, platinum eased 0.2% to $968.14, and palladium dropped 0.9% to $1,952.05.