The COVID Vaccine Could Kill The Gold Rally ...Middle East

OILPRICE - Economy
The COVID Vaccine Could Kill The Gold Rally
source : OILPRICE ( Middle East ) () 15
Gold prices were on track to fall for a second consecutive week as investors chanced their arms on equities again on news of not one but two effective coronavirus vaccines. The safe-haven asset has seen prices jump almost 25 percent this year, with traders piling in as stock markets melted down around the world. However, that surge has slowed in recent weeks, with the spot gold price falling to $1867.31 today, despite bankers forecasting higher prices. On Monday, pharma giant Moderna said that its coronavirus vaccine had proved 95 percent effective…

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