[ad_1]
Reuters news on Nov.9 that Biden’s campaign team on Sunday urged the head of the General Services Administration (GSA) appointed by the Trump administration to approve a formal transfer of power. Biden’s campaign warned that the national security and economic interests of the United States depend on a clear signal that the country will initiate a “quiet and peaceful transfer of power.” On Tuesday (November 10) in the Asian market in early trading, spot gold rebounded, the price of gold is now around US $ 1872 / oz, an intraday increase of 0.5%.
The news that gold plunged more than $ 110 overnight is the key!
On Monday, US trading time, spot gold made a shocking scene. The price of gold plummeted from a 1965 intraday high to more than $ 110 and a low of $ 1,850.59. Hence, there was news of Pfizer’s new corona vaccine. The CEO of Pfizer Group said Monday: The effective rate of the new corona vaccine is over 90%. US President Trump also tweeted: “The stock market is skyrocketing and the vaccine is about to be released. Pfizer’s new crown vaccine report is 90% effective. Great news! “
In this regard, GERD FAETKENHEUER, Director of the Department of Infectious Diseases at the University Hospital of Cologne, Germany, said: The data from the Pfizer vaccine are very good. It’s amazing that vaccine development and clinical trials have been accomplished in such a short time. So far, the results in terms of efficacy and safety are very good. I think this will have a huge impact on our handling of the epidemic.
Financial blog Zero Hedging commented: Biden “in”, new corona epidemic “out”
Global stock markets and S&P 500 stock index futures soared to a record high; prior to this, Pfizer’s new corona vaccine was more than 90% effective. Last weekend, after the political news that Biden was elected president of the United States, the stock market was already in a state of excitement. William Gruber, senior vice president of clinical vaccine research and development at Pfizer, said: “This may be the best news for the world, the United States and public health.” He said it is even better than the best result he expected. The share prices of cruise operators, airlines, hotels, amusement parks and theater operators that are in trouble due to lockdowns or restrictions have skyrocketed. The Stoxx 600 Travel and Leisure Index was up 7%, the biggest intraday gain since May 26. As investors expected that if the COVID-19 pandemic were defeated, reinflation transactions could eventually be released and US Treasury yields would reverse. 0.91%.
Danny Altman, professor of immunology at Imperial College London, said: In terms of the impact of the epidemic, the Pfizer vaccine is good news, but it is not good news for “an overnight success.” Pfizer vaccines and other potentially successful vaccines must be approved before they can be made available to people around the world, which will take several months.
Today’s Gold Trend Analysis: Gold Prices May Fall Further In The Next Trading Days
On Tuesday, the well-known financial website Economies.com wrote an article to analyze the trend in the price of gold.
With news of the first successful late trial of the new crown vaccine, which prompted investors to sell gold as a safe-haven asset, the price of gold plunged more than 4% on Monday. Spot gold closed at US $ 1,861.78 an ounce, a drop of US $ 89.08 or 4.57%, and the lowest intraday reached US $ 1,849.43 an ounce. Gold prices continued to fall on Monday. The price of gold tested the level of $ 1,690.90 per ounce and tried to break below this level, which implies that the price of gold will continue to fall in the next trading days.
Economies.com noted that if the price of gold confirms falling below the $ 1,690.90 per ounce level, this will push the price of gold towards the next bearish target of $ 1,794.84 per ounce.
Economies.com added that if the price of gold stops the downward pressure, this will push the price of gold to begin a new rebound attempt and target the area of $ 1,901.80 / oz, and then $ 1,934.86 / oz.
[Datos financieros y eventos en los que centrarse hoy]Tuesday, November 10, 2020
① 07:50 Japan September Trade Account
② 09:30 China October CPI Annual Rate
③ 14:30 ILO unemployment rate in the third quarter of France
④ 3:00 PM ILO UK unemployment rate in September for three months
⑤ 15:00 UK unemployment rate and number of applicants for unemployment benefits in October
⑥ 3:45 PM French monthly rate of industrial production in September
⑦ 18:00 November ZEW Economic Sentiment Index for Germany and the Eurozone
⑧ 7:00 PM October US Small Business NFIB Confidence Index
⑨ 20:30 Fed Kaplan attends the meeting
⑩ 23:00 Fed Kaplan speaks
⑪ At 01:00 the next day, Fed Kaplan delivered a speech
⑫ At 01:00 the next day, EIA announced the monthly short-term energy outlook report
⑬ 05:30 the next day US API crude inventory until the week of November 6
⑭ At 06:00 the next day, MSCI announced the results of the semi-annual index review
(Disclaimer: The content of this article is for reference only, does not represent the position of the gold network, not as a direct investment advice, in accordance with this investment risk. This article is compiled by the gold network , more interesting content welcome to enterGold networkInteresting, finance and economics, all media are playing, welcome to download the “Financial Account App”)
Gold Investing Practical Guide, shares financial management tips and boutique investing, and takes you on the path to wealth appreciation! The stock market crashed and everyone lost, but I made money investing in gold! Support the precious metals to check the market in a second, click “gold”, “gold”, “silver” and other keywords in the menu bar to know the market price in real time. Dear, are you worried about fluctuations in the price of gold? Do you want to buy gold?
Goldnet Statement: Reprinting of the above content by Goldnet does not confirm its description and is for investors’ reference only and does not constitute investment advice. Investors trade accordingly at their own risk.
[ad_2]