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Gold: XAU/USD bulls catch a breather above $1,850 amid virus woes

From fxstreet.com

Gold fades recovery moves from $1,858.43, stays near two-week top. Looming border close in Britain, rumors over Japan’s canceled Olympic and EU’s tough lockdowns probe the bulls. Biden administration turned down hopes of vaccine availabilities in the Pharmacies by February. Stimulus hopes favor the bulls but monthly PMIs will decorate the calendar. Following its failure to please the bulls, Gold eases to $1,869.70 during the initial Asian session on Friday. The yellow metal refreshed two-week top the previous day on stimulus hopes but the coronavirus (COVID-19) and downbeat data from the US, not to forget upbeat ECB, ... (full story)

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  • Category: Fundamental Analysis