Orbex: GOLD & OIL Marginally Higher!

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#Gold prices received a marginal boost yesterday on a weakening #dollar. With risk appetite shifting away from #safehaven assets over the last few session of 2020, support is unlikely that gold breaks the $2000 barrier.

However, the precious metal could see a boost as the US battles with record hospitalizations while having reported the first case of the new strain of #coronavirus.

#Oil, on the other hand, also received a lift on Tuesday supported by hopes that Republicans will approve the $2000 #stimuluscheck measures and by a stock draw in #wti barrels reported by #API.

 

Timestamps

#XAUUSD 02:40

#XAGUSD 04:20

#USOIL 05:40

#NATGAS 06:50

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