US Close To Approving Second Vaccine
Gold Ignores the Headlines
Gold closed 1.35% higher on Tuesday, breaking the $1850 psychological handle.
The gold rally focus shifted to the US relief progress, further lockdowns, and the final Federal Reserve meeting of 2020.
Will we finally see a worthy attempt at the $1900 area before the year is out?
Oil Bulls Maintain Rally
WTI closed 1.40 higher yesterday as it edged closer to $48.
An inventory build reported by the API and the risk of falling demand as further lockdowns are imposed, failed to deter the black gold.
The distribution of vaccinations, along with more pharmaceutical companies touting further vaccines, continued to support the oil rally.
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