Breaking: Gold price loses $80 following Russia’s COVID-19 vaccine approval
- 11th August 2020
- Posted by: Hakeem
- Category: Commodities
Gold futures has lost about 5% or $80 in less than four hours, at the London trading session this afternoon.
Gold futures fell as low as $1,950 per ounce, $80 differential from its opening price of $2,030
This marks gold’s steepest daily decline in nearly five months, even as global stocks went bullish following news that Russia’s COVID-19 vaccine has obtained regulatory approval.
The COVID-19 vaccine approval by Russia was met with some skepticism by experts.
More details shortly…