By Gina Lee
have been up 0.26% at $1,845.80 by 11:48 PM ET (3:48 AM GMT) as traders slowly turned to the safe-haven yellow steel. Holdings of the SPDR Gold
Pfizer mentioned on Thursday that it will produce solely 50 million doses of BNT162b2, its COVID-19 vaccine co-developed with BioNTech, after studies of provide chain points. The variety of doses is down from an earlier goal of 100 million doses.
A bipartisan, $908 billion proposed bundle was slowly gaining momentum within the U.S. Congress on Thursday. Democrats and Republicans have till Dec. 11 to achieve a consensus on the bundle’s price tag and avert a authorities shutdown.
The nation additionally continues to combat a virulent second wave of COVID-19 circumstances. U.S. hospitalizations topped 100,000, and California’s governor Gavin Newson warned stay-at-home orders might be imposed in each area of the state, the San Francisco Bay Space excepted, later within the week.
Information launched on Thursday additionally highlighted COVID-19‘s financial impression, with 712,000 filed in the course of the previous week. The variety of claims was down from the forecasted 775,000 claims and the earlier week’s 787,000 claims however remaining excessive. Additional labor market knowledge, together with and , are due later within the day.
In the meantime, the U.S. Federal Reserve and the European Central Bank will meet for his or her respective coverage selections throughout the next week.
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