A window to buy has temporarily edged open if you act quickly, with news from the EU confirming that the vaccine will be rolled out across the bloc before the end of the year. In the US, reports also emerged suggested a second vaccine, from drug company Modena, was inching closer to approval as quickly as this weekend. While the vaccines do not reverse the long term economic damage or monetary policy which heavily favour record bullion prices, they do create a window to buy in the short term by reversing risk aversion and giving markets a ray of light in an otherwise dismal year.
Prices inched 0.10% lower, down to £1,372.54 ($1,852.01) in very early trading this morning (Wednesday) in reaction to the news. Act quickly, buy now.