Democrats Seek Trump Removal

By David Kindley of Orbex

Friday, January 8, 2021 4:00 AM EST

Gold closed 0.27% lower on Thursday as risk-on sentiment remained.

Some economists declared that the big push for the yellow metal is well and truly behind us, as further vaccination rollouts will weigh heavy on the price.

However, depending on the speed and effectiveness of the vacciness, could we see another push to $2,000 anytime soon?

Oil Shifts Past $51

Prices of WTI surpassed the $51 mark during yesterday’s session.

The rally came after the recent announcement by Saudi Arabia, the world’s largest oil export, to cut its domestic production by around 1 million bpd for the next two months.

With vaccination optimism in full swing, how long will this rally continue for?

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