Metals Lower Following Mid-Week Sell-Off

From orbex.com

Gold Gold prices have been lower over the week following a strong sell-off on Wednesday. The market shed 2.4% in response to the move higher in the dollar midweek. The risk sentiment backdrop has generally remained against gold this week with markets continuing to find demand in response to incoming COVID vaccine news. With vaccinations now underway in the UK and due to start shortly in the US and Canada, the broader outlook for risk assets has improved. In turn, this has created a dampening effect on gold. However, there have been some issues: UK regulators have issued a warning to those suffering from severe ... (full story)