New covid strain
Most commodities ended 2020 on a positive note, benefitting from huge monetary inflows by central banks, robust demand from China, favourable weather, a weaker dollar and the progress on COVID-19 vaccine.
Building on the momentum, commodities extended the gains in the first week of 2021 ,backed by persisting weakness in the US dollar.
Stimulus expectations and a weaker dollar helped gold price test the highest level since November 2020. Industrial metals also maintained their upward momentum with copper testing 2013 highs.
This fall/winter surge has been at nearly twice the rate of rise of cases as the spring and summer surges. This acceleration suggests there may be a USA variant that has evolved here, in addition to the UK variant that is already spreading in our communities and maybe 50 per cent more transmissible,"
The USFDA has already authorised the use of coronavirus vaccine in the country with Pfizer and Moderna receiving the emergency use authorisation nod.
Only one death due to COVID was reported today making the total deaths in the state stand at 365
The dry runs and mock drills have been conducted at all the sites where vaccination is to be done in the city.
Building on the momentum, commodities extended the gains in the first week of 2021 ,backed by persisting weakness in the US dollar.
Stimulus expectations and a weaker dollar helped gold price test the highest level since November 2020. Industrial metals also maintained their upward momentum with copper testing 2013 highs.
This fall/winter surge has been at nearly twice the rate of rise of cases as the spring and summer surges. This acceleration suggests there may be a USA variant that has evolved here, in addition to the UK variant that is already spreading in our communities and maybe 50 per cent more transmissible,"
The USFDA has already authorised the use of coronavirus vaccine in the country with Pfizer and Moderna receiving the emergency use authorisation nod.
Only one death due to COVID was reported today making the total deaths in the state stand at 365
The dry runs and mock drills have been conducted at all the sites where vaccination is to be done in the city.
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