The World Health Organization (WHO) validated on Tuesday the CoronaVac COVID-19 vaccine developed by Chinese pharmaceutical company Sinovac for emergency use, which made it the second Chinese vaccine included in the WHO Emergency Use Listing after the previous one developed by another Chinese manufacturer Sinopharm.
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June 2 (Reuters) - Gold prices on Wednesday retreated from a near five-month high marked in the previous session, as an uptick in bond yields weighed on the safe-haven metal while strong U.S. economic data prompted the shift back into riskier assets.
FUNDAMENTALS Spot gold was down 0.1% at $1,898.58 per ounce, as of 0053 GMT, after hitting its highest since Jan.8 at $1,916.40 on Tuesday. U.S. gold futures eased 0.2% to $1,901.90 per ounce. Data showed that U.S. manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.
China-US economic and trade exchanges represent the foundation of their bilateral ties, and it is important for the two countries to enhance economic and trade relations based on equality and mutual respect, according to analysts and business leaders.