Golden Scout - Gold Nears June Lows as Vaccine News Jostles With Pandemic

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Golden Scout - Gold Nears June Lows as Vaccine News Jostles With Pandemic

Gold prices came near to testing June lows hit nearly nearly two weeks ago as investors juxtaposed news of vaccine developments for Covid-19 and the relief those could bring with spiking virus cases around the country.

U.S. gold futures for December delivery settled down $12.40, or 0.7% at $1,861.50. This was despite rival dollar sliding into the negative territory late into the session — a dynamic that would have normally boosted gold prices. Earlier in the day, December gold fell to $1,850.45 — just a little shy of the five-month low of 1,848 hit on Nov. 9.

The spot price for gold, which reflects real-time trades in bullion, was down $5.53, or 0.3%, to $1,867.21 by 3:57 p.m. (ET).

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Edited 20 Nov 2020, 17:31

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