The vaccine hits gold prices



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Promising news has recently arrived in the fight against the corona virus, which has killed an estimated 1.4 million people and infects more than 60 million people worldwide.

Both Pfizer – BioNTech and Moderna announced their preliminary results showing that the Covid vaccines they developed last week were approximately 95 percent effective.

Today, it was announced that the vaccine developed by the University of Oxford with the AstraZeneca company provides 70 percent protection against the virus.

The news that the AstraZeneca vaccine will be much cheaper than other vaccines, and that it will be easier to distribute globally due to its easy storage, sparked spring air in international markets.

In the U.S., investors have turned to company stocks that could benefit from an end to home closings and travel restrictions after vaccination, even if the virus spreads across the country. While the value of travel and aviation companies increased, their share of technology declined.

In the United States, the purchasing managers index (PMI) of the manufacturing industry increased 3.3 points per month to 56.7 in November. The fact that the PMI index rose at the fastest rate in 5 years and reached the highest level in 74 months increased optimism in the markets.

With the expectation of a recovery in the economy, the price of Brent crude rose 2.45 percent to $ 46. This situation caused energy stocks to rise.

On the other hand, the price of an ounce of safe harbor gold declined by more than 2 percent and fell below the $ 835 level.

The depreciation of the Turkish lira against the dollar on international markets exceeded 3 percent. Therefore, the increase in the price of the gram of gold was limited. The price per gram of gold, whose price per ounce fell more than 2 percent, rose 1.5 percent and surpassed 465 lire on the night.



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