Gold steadies leading into the EU open

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( Kitco News ) – After a very hectic start to the week, the gold price bounced off the consolidation low of $1850.62 per ounce after falling 5.46% during yesterday’s session. This morning the precious metal trades 1.23% higher after the Pfizer/BioNTech vaccine news provided the catalyst for the dramatic move lower.

Overnight equities continued to move higher in Asia with the Nikkei 225 pushing 0.26% in the black. The ASX (0.66%) also gained but the Chinese bourses didn’t manage to capitalise on the bullishness seen elsewhere. European futures are also painting a mixed picture with Dax futures up 0.63% and FTSE 100 (-0.11%) futures lagging behind. Stay at home stocks are still suffering with the likes of […]

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