Gold gave back some recent gains despite the weak economic data. After threatening to break through $2,000/oz earlier this week, the yellow metal came under pressure as investors took profits following the 9% gain over the past two weeks. Nonetheless, economists at ANZ Bank see gold well supported by central bank’s policies and today the precious metal is trying to retest the record highs of $1981.34. Key quotes “No doubt investors were encouraged by a vaccine study by Johnson & Johnson, which showed promising results on primates. Human trials have already started in Belgium and the US. Nevertheless, we believe there is still plenty of upside left in this rally.” “The backdrop remains highly conducive, with unwavering support from central banks likely to see monetary easing policies remain in place for the foreseeable future. This will keep bond yield low, raise inflation expectations and potentially keep the USD weak.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan, UK begin talks with view to scrapping tariffs on Japanese cars around 2026 – Jiji FX Street 3 years Gold gave back some recent gains despite the weak economic data. After threatening to break through $2,000/oz earlier this week, the yellow metal came under pressure as investors took profits following the 9% gain over the past two weeks. Nonetheless, economists at ANZ Bank see gold well supported by central bank’s policies and today the precious metal is trying to retest the record highs of $1981.34. Key quotes “No doubt investors were encouraged by a vaccine study by Johnson & Johnson, which showed promising results on primates. Human trials have already started in Belgium and the US. Nevertheless, we believe… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
