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: The dollar in retreat, even as tensions in the Middle East escalate 🚨
Cocoa gains 1% and tests the $6,000 area 🔼 How are funds positioned?
Gold gains and returns to $4,400 🗽 Are precious metals betting on a dovish Fed?
🟠Is there a shortage of physical copper?