Gold prices did not take the “vaccine news” lightly – indeed they tumbled quite hard declining nearly $100/oz and having many traders think – is the Gold rally over? While it’s true that a successful vaccine could take some safe haven allure away, the major driver – negative real interest rates, is here to stay. Technically Gold prices cracked through the 150sma but held the pivotal $1850 support. Furthermore, seasonality for incoming weeks looks fairly bright.
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
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