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Market Report: Second covid wave bites

From goldmoney.com

Gold and silver lost most of last Friday’s strong rally during Monday and Tuesday before recovering some of their losses subsequently. In European morning trading today, gold was at $1909, down $20 from last Friday’s close, and silver was at $24.40, down 70 cents on the same timescale. Meanwhile, covid-19 is resurging again, with local lockdowns emerging all over Europe. According to the WHO dashboard, US cases have now doubled from the 8 September low with 7.8 million confirmed cases and nearly 215,000 deaths. The second stimulus package to deal with it is now being held up by bickering between the two political ... (full story)

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  • Category: Fundamental Analysis