Gold steadies leading into the EU open

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

( 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 […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet