Gold Prices Testing Key Resistance as Vaccine Optimism Fades

Gold Prices, Federal Reserve, Congress, Coronavirus Vaccine, Monetary Policy – Talking Points:

The historic signing of the world’s largest free-trade agreement notably buoyed Asian equity markets.

Asia-Pacific Recap

Asian equity markets continued to push higher during Asia-Pacific trade, as regional investors cheered regional trade progress and resistance to enforcing a national lockdown in the United States.Japan’s Nikkei 225 soared over 2% on the back of better-than-expected GDP results and the signing of the world’s largest free trade agreement, known as the Regional Comprehensive Economic Partnership (RCEP).Australia’s ASX 200 climbed 1.2% before market data issues resulted in the suspension of share trading.The haven-associated US Dollar and Japanese Yen continued to lose ground against their major counterparts, while the cyclically-sensitive AUD , NZD , CAD and NOK all largely outperformed. Copper surged over 2.5% after Chinese industrial production figures for October exceeded market expectations.Looking ahead, a slew of speeches from […]

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