Improving Unemployment Rate May Pressure Gold

Gold Trend US unemployment rate improved from 6.7% to 6.3% while corona virus cases surged ahead in last month. President Biden proposed $1.9 Trillion package and it seems he wont have any problem passing this stimulus package as democrats have good numbers now. Last week Trump impeachment trial started which resulted in acquittal. It was …

Vaccine progress diffused gold buyers. Now what ?

Vaccine diffused gold buyers From August’s high of 2074$ spot gold price crashed till 1761$. A sweet 15% cut in gold price from August till November. Main reason behind this 15% cut is vaccine progress and continuous decline in jobless numbers around the world. Pfizer, Moderna, and many other pharmaceuticals have announced their vaccine are …