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.

1 2
View single page >> |

Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.