Gold is falled sharply on Monday amid risk appetite following the report that Pfizer’s vaccine was more than 90% effective. But the world economy will not recover so quickly. Buy gold because it will go up again.
EUR bulls seem unwilling to push the pair beyond the 1.1900 threshold.
EURUSD could reach the lows around at 1.16100
The price of gold may continue to exhibit an inverse relationship with the US Dollar as the Federal Reserve retains a dovish forward guidance for monetary policy.