Gold prices settle higher Wednesday to notch their first gain in three sessions, supported by some safe-haven buying, amid developments in Europe that suggest a longer lockdown period due to a renewed spread of COVID-19.
The global tally of cases of the coronavirus-borne illness COVID-19 climbed above 124 million on Wednesday, as the European Union introduced emergency legislation that would allow it to control exports of COVID-19 vaccines.
U.S. Secretary of State Antony Blinken reiterated the Biden administration’s hostility to the Nord Stream 2 gas pipeline currently being built between Russia and Germany.
Dr. Anthony Fauci, President Joe Biden’s chief medical advisor, again sought to reassure Americans that AstraZeneca’s still-experimental COVID-19 vaccine is a strong candidate even though the drug maker reportedly miscommunicated findings from a clinical trial earlier this week.
Intel Corp.’s stock surged late Tuesday as the chip maker announced aggressive plans to expand its manufacturing capacity to take back its leadership .
European stocks continued to struggle on Wednesday, as extended lockdowns in Germany and the Netherlands have sparked concerns of a slower economic recovery for the region. But fresh data indicated growth could be returning.