KONTAN.CO.ID - SINGAPORE. Gold prices dipped on Monday as Covid-19 vaccine rollouts lifted riskier assets, overshadowing hopes for further U.S. fiscal and monetary stimulus. Monday (14/12) at 15.00 WIB, spot gold fell 0.4% to $1,831.75 per ounce. While U.S. gold futures eased 0.4% to $1,836.80. "The euphoria around a COVID-19 vaccine will likely overshadow further easing from the Federal Reserve and a fiscal relief package in the near term," said Howie Lee, an economist at OCBC Bank.
Gold dips as vaccine rollouts dent appeal
KONTAN.CO.ID - SINGAPORE. Gold prices dipped on Monday as Covid-19 vaccine rollouts lifted riskier assets, overshadowing hopes for further U.S. fiscal and monetary stimulus. Monday (14/12) at 15.00 WIB, spot gold fell 0.4% to $1,831.75 per ounce. While U.S. gold futures eased 0.4% to $1,836.80. "The euphoria around a COVID-19 vaccine will likely overshadow further easing from the Federal Reserve and a fiscal relief package in the near term," said Howie Lee, an economist at OCBC Bank.