Gold was down on Thursday morning in Asia, with investors retreating from the safe-haven asset over continued hopes of a COVID-19 vaccine. Russia also successfully completed early stage trials of a COVID-19 vaccine. Developed by the First Moscow State Medical University and the Main Military Clinical Burdenko Hospital, the vaccine reported positive preliminary results on Wednesday.
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The ECB said on Thursday it was increasing the overall size of its Pandemic Emergency Purchase Programme (PEPP) by 500 billion euros to 1.85 trillion euros. It extended the scheme by nine months to March 2022. Whilst on Friday, ECB policymaker Francois Villeroy de...