Doubts after the vaccine boom
During the Asian session on Wednesday (November 11), spot gold rose slightly by more than 0.2%; after Monday (November 9) fell sharply, it rose by 0.77% on Tuesday (November 10), reaching a maximum of US$1890.53 per ounce. Concerns about the global economic recovery, as well as a series of fiscal and monetary stimulus measures, have given support to safe-haven gold. In addition, the market has begun to clearly understand the potential obstacles of Pfizer’s new crown vaccine. Questions about the production and distribution of the vaccine, and most importantly, its own performance and function, still need to be answered.
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