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Gold fell 0.1% in immediate trading to $ 1809.40 an ounce, down 3.2% weekly.
And US gold futures were up 0.1% to $ 1,807.
Asian stocks stopped reaching record highs after “AstraZeneca” faced tough questions about the success of its vaccine, which may hamper speed in obtaining US and European Union approvals.
“Looking at the markets, I don’t think that will change the perception that there will be a vaccine sooner than expected,” said IG Markets analyst Kyle Roda.
Roda added that investors are starting to buy on the basis that the economic recovery will gather momentum in 2021, and this pushes them to monetize their gold holdings.
To limit the fall in gold, the dollar fell as risk appetite improved on positive news about COVID-19 vaccines and hopes for a smoother transition to Joe Biden’s administration in the United States.
Among the other precious metals, silver fell 1% to $ 23.22 an ounce.
Platinum fell 1.3% to $ 949.5 and palladium was up 0.4% to $ 2,391.7.
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