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HOW DO CORONAVIRUS VACCINE STUDIES REFLECT ON GOLD PRICES?
Gedik Yatırım – Investment consultant Onurcan Bal assessed the impact of the vaccine news on the A Para markets and made up-to-the-minute assessments for gold prices. Bal said vaccine news supports risk appetite with optimistic expectations in the markets, “However, it will take time to switch to vaccination worldwide.”
Stating that financial markets are setting prices a bit further ahead, the expert said: “Gold prices remain above $ 1900. Extra optimistic weather due to vaccination may cause corrections in gold prices in the US. short term, but general expectations on the long-term gold ounce side remain bullish. “
Onurcan Bal also said: “It supports the environmental gold prices we are in in the long term. For the long term increase to gain traction, closings of more than $ 2000 are required in the short term. Developments due to the epidemic and vaccine studies will continue to be decisive in gold prices. “
“THE PRICES OF GOLD MAY DECREASE”
Strategist Yeliz Karabulut made critical assessments of gold prices at A Para. Stating that she expects a gradual decline in gold prices in the next period, if economies recover and the second wave is not seen, she said: “The expected movement in the dollar index could make gold fall.”
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