Biden and Yellen Pushed Gold to $1,800

From sunshineprofits.com

Gold plunged to $1,800. What does this imply for the gold market? Whoa! Tuesday, November 24 wasn’t too good for gold. The price of the yellow metal plunged then from $1,840 to $1,800. Actually, November was an awful month for gold prices, which dropped from a local peak of $1,941, or more than 7 percent. So, what happened? Well, it seems that the positive news of the vaccines eliminated the negative tail-risk related to the pandemic. In consequence, the safe-haven demand for gold declined. On the other hand, the price of Bitcoin has jumped recently as investors increased their risk appetites. Moreover, the ... (full story)