Breaking: Gold price loses $80 following Russia’s COVID-19 vaccine approval

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…


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