Gold falls on firm dollar, vaccine delay limits losses (Reuters)

Investors now await the outcome of the European Central Bank’s policy meeting due on Thursday and the Bank of Canada’s policy meeting on Wednesday.

“European countries do need some kind of economic help from the central bank, which would make the euro a little weaker compared to the dollar, but given the lingering uncertainties, that won’t cause much damage to gold’s shine,” said independent analyst Ross Norman.

The COVID-19 pandemic has weighed heavily on economies worldwide, forcing major central banks to provide massive stimulus to counter the negative effects and putting gold on track to register its best year in a decade.

https://www.reuters.com/article/global-precious/precious-gold-falls-on-firm-dollar-vaccine-delay-limits-losses-idUSL4N2G62E8