Gold dips as US vaccine rollout takes off

Monday, 14. December 2020 11:51

Gold prices fell on Monday amid progress on coronavirus vaccines, drawing investors away from safe-havens despite rising infection cases.

The first shipments of the Pfizer/BioNTech COVID-19 vaccine in the United States started over the weekend following the Food and Drug Administration's approval of the treatment for emergency use. The first vaccinations are expected to take place early this week.

Gold dipped 0.89% to $1,823.11 per ounce at 5:40 am ET.

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Author:
Breaking the News / JC