Gold Prices Slip As Omicron Worries Ease

WATCH: Broncos’ Melvin Gordon III scores on 1-yard touchdown against Lions – The Denver Post

Two drives, two rushing touchdowns for the Broncos.

Denver reached the end zone for the second time in the first quarter after running back Melvin Gordon punched it in from the 1-yard line against the Lions.

The Broncos relied heavily on their run game, totaling 82 yards rushing on 18 carries after the score. The touchdown gave Denver a 14-0 lead.

Fire along Interstate 25 north of Colorado Springs forces evacuations

A large grass fire along Interstate 25 north of Colorado Springs forced evacuations at nearby businesses and hotels, according to the Colorado Springs Fire Department.

The fire was burning on the east side of the interstate near the intersection of I-25 and Interquest Parkway, the department said in a statement.

By about 2 p.m., the bulk of the blaze had been knocked down, the department said, and firefighters had established an initial containment line. Smoke remained heavy in the area.

 

 

WATCH: Broncos pay tribute to Demaryius Thomas on opening play of their first drive – The Denver Post

Hearts are heavy in Broncos Country following the death of Demaryius Thomas on Thursday night.

On Sunday at Empower Field, Denver paid tribute to the late receiver by lining up just 10 players on the first play of their drive with Courtland Sutton kneeling on the sideline.

Denver was charged with a delay-of-game penalty that was declined by the Lions. The crowd loudly chanted “D.T.”

Oil Futures Pare Early Gains, Settle Lower

Crude oil futures pared early gains and settled lower on Friday amid uncertainty about the outlook for energy demand due to fresh restrictions on movements following the spread of the new coronavirus variant Omicron in several countries.

Oil prices climbed earlier in the day, riding on the decision of OPEC+ to stick to their existing policy of monthly oil output increases but left room for quick adjustments if the Omicron variant hits demand.

OPEC+ decided to stick to their plan to increase output by 400,000 barrels per day in January in a sign of the group’s belief in firm market fundamentals.

A statement from OPEC+ noted the meeting would “remain in session” so producers could “make immediate adjustments if required.”

The alliance said in a communique following a meeting on Thursday that it stood ready to reconvene “pending further developments of the pandemic, and to continue to monitor the market closely and make immediate adjustments if required.”

West Texas Intermediate Crude oil futures for January ended down by $0.24 or about 0.4% at $66.26 a barrel.

WTI crude futures shed about 2.8% for the week.

Brent crude futures were down marginally at $69.63 a barrel a little while ago.

A report from Baker Hughes said the total count of active drilling rigs in the U.S. held steady at 569, the same as last week. Rigs targeting crude oil and natural gas remained unchanged at 467 and 102, respectively.

Al Unser, four-time Indy 500 winner, dead at 82

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Al Unser, a driver who won the Indianapolis 500 four times during his career, died following a long illness at his home in Chama, New Mexico, Indianapolis Motor Speedway said early Friday.

FILE: President Ronald Reagan gets a helmet from race car driver Al Unser. (Diana Walker/Getty Images)
(Diana Walker/Getty Images)

Known as “Big Al” once his own son made a name for himself in racing, Unser is part of an elite club of four-time winners of “The Greatest Spectacle in Racing.” 

Unser won the Indy 500 in 1970, 1971, 1978 and 1987, and is the only driver in history to have both a sibling and a child also win one of the biggest races in the world.

This is a breaking news story. Check back for updates. 

The Associated Press contributed to this report

Gold Prices Slip As Omicron Worries Ease

Gold prices eased on Monday as equities bounced back amid easing Omicron concerns and expectations that China will step up policy-easing measures to support growth amid economic headwinds.

Spot gold slid 0.2 percent to $1,780 an ounce in European trade after climbing 0.8 percent on Friday. U.S. gold futures were down 0.2 percent at $1,780.45.

Early indications of the severity of the Omicron Covid-19 variant are “a bit encouraging,” top U.S. pandemic advisor Anthony Fauci said Sunday, adding that it was too early to draw definitive conclusions and more information was still needed.

South Africa reported that Omicron is not leading to higher hospitalization rates despite a jump in active cases.

Elsewhere, Chinese authorities said that its recent policy moves were not intended to crack down on specific industry or private firms and did not necessarily target overseas listings of companies.

The China Securities Regulatory Commission said that its recent regulations were aimed to protect the interests and data security of small- and medium-sized firms, as well as personal information security.

Chinese Premier Li Keqiang said last week that Beijing would continue to implement a prudent monetary policy and would reduce the reserve requirement ratio as required.

The Chinese authorities would increase support for the real economy, especially for small and medium-sized companies, to support its operations in a stable way, he added.

Meanwhile, a mixed U.S. jobs report released last week did little to shake market expectations of a more aggressive tightening by the Federal Reserve.