KONTAN.CO.ID - LONDON. Gold pared losses from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective COVID-19 vaccine test results. Monday (16/11) at 22.00 WIB, spot gold slipped 0.1% to $1,886.81 per ounce. U.S. gold futures were flat at $1,885.50 per ounce. Bullion dropped as much as 1.3% after Moderna said its experimental vaccine was 94.5% effective, but this was less than the more than 5% slump after Pfizer last Monday announced that its vaccine was over 90% effective.
Gold steadies as virus surge overshadows vaccine optimism
KONTAN.CO.ID - LONDON. Gold pared losses from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective COVID-19 vaccine test results. Monday (16/11) at 22.00 WIB, spot gold slipped 0.1% to $1,886.81 per ounce. U.S. gold futures were flat at $1,885.50 per ounce. Bullion dropped as much as 1.3% after Moderna said its experimental vaccine was 94.5% effective, but this was less than the more than 5% slump after Pfizer last Monday announced that its vaccine was over 90% effective.