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.

Market wrap: Oil gains amid US - Iran tensions 📈 European indices muted before US NFP report
📈 Gold jumps 1.5% ahead of NFP, hitting its highest level since Jan. 30
Silver rallies 3% 📈 A return of bullish momentum in precious metals?
Daily summary: Weak US data drags markets down, precious metals under pressure again!