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Gold slips on AstraZeneca boost to vaccine race

"The fact that we have three vaccine results that are extremely positive is keeping gold under pressure in the near term and also stopping it from any kind of significant rebound," said OANDA analyst Craig Erlam.

Silver, Gold, Stk Mkt, & Oil: Weekly Chart Waves (SilverSeek)

Gold: Wave ^iv^ has become more complex, although it could be complete at the 1848.00 low. Wave ^iv^ looks to be a double 3 wave corrective pattern. We are waiting for confirmation that it is complete at the 1848.00 low. After wave ^iv^ ends we expect a sharp rally higher in wave ^v^ of *iii*, which has the following initial projected endpoint:                        …

Gold’s Big Question: Can the Bull Market Outlive a Pandemic? (Bloomberg)

“Risks to gold prices remain skewed to the upside given expectations of loose monetary policy, with real rates remaining low or negative globally,” said Suki Cooper, a precious metals analyst at Standard Chartered Plc. She also sees elevated government debt stoking inflation expectations.

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