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Omicron Scare Proves to Be Milder Than Expected - Zeal Capital Market

Omicron Scare Proves to Be Milder Than Expected

08-12-2021 15:58

ZFX – Data from a major medical center that is monitoring Omicron infections in South Africa shows that despite a sharp increase in numbers, patients’ symptoms were relatively mild.

A preliminary report shows that from November 14 to November 29, Steve Biko and Tshwane Regional Hospital received a total of 166 patients and currently 42 patients are in isolation in the COVID-19 ward. Most of the patients do not need to rely on oxygen delivery from ventilators. Obviously this is showing that the symptoms are milder than those of the Delta variant.

So the market panic over Omicron is plummeting. This is shown by the US stock index that has been on a strong recovery momentum and obviously this is not good news for Gold price.

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