Due to the new crown vaccine news and Biden’s transfer of power, the price of gold plummeted
The White House Vaccine Working Group said that the Food and Drug Administration (FDA) will meet on the 10th of next month to discuss whether to authorize the emergency use of the above-mentioned vaccines. If approved, the new crown vaccine is expected to be available in mid-December. In addition, the Director of General Services of the United States stated that he has sent a letter to President-elect Biden and is preparing to start the formal handover process. The news is expected to further alleviate the market’s concerns about the epidemic and the uncertainties of the US post-election regime, which will increase the market’s appetite for risky assets. After falling below the important support of US$1,850, the price of gold fell below the level of US$1,800.
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