Gold remains steady at $1,930 with investors now in a wait and see phase. The massive decisions by central banks over the last few months seems now to have been priced in by markets, while financial market operators are now checking the evolution of the virus and politicians’ responses to it. As mentioned last week, we are in a large lateral trading range between $1,870 and $2,070 and only a clear break out of one of those levels will open space for further directional movements. For the time being gold can take a break and recover its breath after the long rally of the last few months.
