Gold Price Analysis: XAU/USD buyers keep $1,900 on radar amid market optimism

Gold keeps recovery moves from $1,864 despite recently easing from $1,896.

Moderna’s vaccine trials keep markets hopeful despite virus woes.

Brexit news, updates from Johnson & Johnson offer the latest positive push.

Risk catalysts to keep the driver’s seat amid a light calendar. Gold picks up bids around $1,888, up 0.07% on a day, during the early Tuesday’s Asian session. The yellow metal recently gained, after the initial $30 drop, as global markets turned optimistic on the coronavirus (COVID-19) vaccine. Also favoring the risk-on mood could be the Brexit news as well as the US dollar weakness. J&J, Moderna keeps markets upbeat… Having earlier heard that Moderna’s vaccine has a 94.5% effective rate and is easy to distribute, AP News recently came out with the headlines suggesting the start of the two-dose vaccine trials from Johnson and Johnson. Global markets are optimistic to find a […]

About the author: StockMan

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