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U.K. Prime Minister Boris Johnson with a vial of the AstraZeneca/Oxford University Covid-19 vaccine. (Photo by Paul Ellis - WPA Pool/Getty Images) Getty Images Text size
AstraZeneca’s Covid-19 vaccine was approved by U.K. regulators Wednesday but the approval doesn’t look likely to change market skepticism about the company.
The vaccine developed by AstraZeneca along with Oxford University became the second to be approved for distribution by the U.K. The news was greeted with muted enthusiasm by investors, who sent the share up a modest 0.1% in London trading.
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Gold price higher as dollar hits multiyear low
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Gold prices edged higher on Wednesday, as the prospect of increased fiscal aid pushed the US dollar to another multiyear low. However, the ongoing covid-19 vaccine rollouts and increased risk appetite limited bullion’s gains.
Spot gold advanced 0.4% to $1,885.05 per ounce by 11:35 a.m. EST, while US gold futures rose 0.3% to $1,889.30 per ounce in New York.
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On Wednesday, the dollar index fell to its lowest since April 2018 following US Senate Majority Leader Mitch McConnell’s decision to delay a vote on increasing covid-19 relief checks to $2,000.