-
Gold Reacts to Covid Variant “Omicron” Fears and Testimony from J. Powell
Concerns about the new Covid-19 variant “Omicron” took the precious yellow metal back above $1800, hitting a high of $1811.40 in the most active February 2022 Comex contract. However, that bubble burst almost immediately as the chairman of the Federal Reserve, Jerome Powell, testified to the Senate Banking Committee. chart Up until today, it was completely unknown if the current vaccine would protect individuals from the new Covid-19 variant “Omicron.” In interviews with the Financial Times and CNBC, Moderna’s CEO, Stéphane Bancel, predicted that the current vaccines are likely to be “less effective ... (full story)