Euro Countries Strengthening Measures Against New COVID Variant

ZFX – The World Health Organization’s regional office for Europe issued a warning last week that the new COVID-19 outbreak in more than 50 countries in the region was cause for concern, and that the eurozone was once again becoming a major concern in becoming the “center” of the epidemic.

Office director Klug pointed out that inadequate vaccination coverage in some countries and the relaxation of social health controls are the main reasons for the increase in epidemics in the European region now

“Over the past week, the rate of hospitalizations for new COVID-19 in the Euro area has more than doubled. Following this trend, 500,000 new deaths are likely to be added in the first quarter of next year,” Klug said.

In general, the continuation of the pandemic and the emergence of the Omicron variant have created hedging momentum on gold prices, which is also one of the reasons why gold prices have not yet fallen further down when the USD is being strongly supported and the possibility of gold’s price will recover to 1800 in the short-term.

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