The global gold and dollar market is waiting for the corona vaccine

According to the site of Tala Cafe, quoted by Tasnim News Agency; While the devaluation of the dollar has strengthened the market, and at the same time economic optimism and hopes for more stimulus measures have led to an increase in appetite for risk-taking and the growth of stock indices, gold prices today saw limited volatility.

Gold rose 24 cents, or 0.01 percent, to $ 1,727.94 an ounce today, according to the report. The price of the yellow metal fell 0.14 percent to $ 1,731.50 in futures for August delivery.

Due to the possibility of more economic stimulus measures by governments, stock indexes in Asian markets today saw growth following the growth of stock indexes in Western countries on Tuesday.

Yesterday (Tuesday) stock indexes in the United States, Europe and emerging markets reached their highest levels since early March. Traders hope the European Central Bank will take further economic stimulus measures and unveil a € 500 billion financial package at its meeting on Thursday.

Implications of the corona virus on global markets

Central banks and governments around the world have launched massive economic stimulus packages in recent months to counter the effects of the corona virus. Gold, which is often considered a reliable source of investment to avoid the inflationary consequences of stimulus packages, has seen significant growth.

Today, the dollar fell 0.2 percent against other rival currencies and fluctuated near the lowest levels in more than two months. This has made gold cheaper for investors buying in non-dollar currencies.

A senior U.S. military vaccine researcher says a portion of the U.S. population is expected to receive some form of corona vaccine by the