Precious metals decline as Delta fears lighten

Friday, 23. July 2021 17:14

Prices of precious metals slid on Friday as the investors seemingly shrugged off worries prompted by the spread of the coronavirus Delta variant and turned away from safe-haven assets.

While the number of countries continued to tighten the virus containment measures, both Pfizer and Moderna unveiled optimistic news regarding their mRNA COVID-19 jabs.

Gold slid 0.42% to $1,798.84 per ounce at 11:13 am ET, while silver lost 1.25% to go for $25.11 at the same time. Platinum tumbled 3.86% to $1,053.69 an ounce a minute later, as palladium dropped 2.08% to $2,669.88 per ounce.

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Breaking the News / BU