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On November 10, the Gold Trade Association reported the price of gold at 9:27 am and found that the price of gold fell. Once, up to 1,200 baht, with the price of gold bullion buying 27,000 baht per baht, selling 27,100 baht, gold price, the taxable base of 26,514.84 baht, selling at 27,600 baht since yesterday, the price of gold closed at 28,200 baht
Gold price trend to recover. The price of gold should be above the key support of $ 1,850. If that support breaks, there will be another selloff and there will be the next support at $ 1,837, while resistance will be at $ 1,880 and $ 1,900.
Hua Seng Heng Gold Futures Co., Ltd. said gold spot last night fell $ 90, the biggest single-day drop in more than seven years after news from Pfizer Inc.The largest U.S. pharmaceuticals And BioNTech, a German pharmaceutical company Said that the test results of the new coronavirus vaccine More than 90% effective protection against COVID-19. Regarding the fund, SPDR Gold Trust sold 10.51 tonnes of gold yesterday.
Developing a vaccine against COVID-19 It has successfully become a major issue affecting global financial markets today. It is the hope that people can return to their normal lives and fully open the economy. As a result, gold was sold and the stock market rose sharply. However, the production of a COVID-19 vaccine will take time to commercialize, and probably in 2021, when Pfizer expects 50 million doses of the vaccine to be produced this year and 1.3 billion doses by 2021. US policy must follow after of Joe Biden’s victory. Elected and will become the 46th president of the United States, pledging to facilitate the transition to the presidency.
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