Gold Down Half A Percent In Asia

Published on Nov 19, 2020 11:55

Gold futures moved in a range yesterday after Pfizer and BioNTech disclosed positive final-analysis data from a trial of their coronavirus vaccine. COMEX Gold pulled back near $1860 per ounce. The metal currently trades down 0.47% at $1864 per ounce. Buying has been limited on rallies in last few days and traders are waiting for more clarity on the shape of recovery in world economy. Weak US dollar is capping the losses but major gains are also not materialising.