COMEX Gold Tanks To Four Month Low

Published on Nov 24, 2020 11:42

COMEX Gold futures tumbled in last session as a heavy slide was seen in the metal on continued upbeat reports regarding Covid-19 vaccines. A weak US dollar did not help the commodity as prices fell under $1850 per ounce and tested four month low below $1830 per ounce. AstraZeneca has said that an interim analysis of clinical trials on its Covid-19 vaccine candidate, done in the United Kingdom and Brazil, showed that the vaccine was highly effective in preventing the infection.