Gold fell to its lowest level in a week on Thursday, November 19, as the encouraging developments related to Covid-19 vaccines boosted hopes for a faster recovery of the global economy, despite the continued increase in cases of Coronavirus.<\/p>\n\n\n\n
By 07:59 GMT, spot gold prices fell 0.4% to $ 1863.12 an ounce, after hitting the lowest level since November 11 earlier in the session at $ 1857.16 an ounce, putting it on a path of losing losses for the second consecutive week. . US gold futures fell 0.6% to $ 1862.30 an ounce.<\/p>\n\n\n\n
The US Secretary of Health and Human Services Alex Azar said yesterday, Wednesday, that the two Covid-19 vaccines from Pfizer and Moderna may be ready to obtain a license for use in the United States within two weeks, paving the way to start vaccination before the end of this year.<\/p>\n\n\n\n
Gold was also affected by the 0.2% rise in the dollar index.<\/p>\n\n\n\n
As for the other precious metals, silver fell 1% to $ 24.08 an ounce. Platinum fell 0.6% to 936.54 dollars an ounce. Palladium fell 0.4% to $ 2319.10 an ounce.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold fell to its lowest level in a week on Thursday, November 19, as the encouraging developments related to Covid-19 vaccines boosted hopes for a faster recovery of the global economy, despite the continued increase in cases of Coronavirus. By 07:59 GMT, spot gold prices fell 0.4% to $ 1863.12 an ounce, after hitting the …<\/p>\n","protected":false},"author":9,"featured_media":31385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6874],"class_list":["post-37387","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=37387"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37387\/revisions"}],"predecessor-version":[{"id":37388,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37387\/revisions\/37388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31385"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}