Pfizer Advances COVID Vaccine Development, Collapses Gold Prices By Over 40 | RYT9



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Gold futures tumbled more than $ 40, or more than 2%, approaching the $ 1,910 level today. While investors sell gold as a safe haven. Following a report of great progress in the production of a vaccine against COVID-19.

At 20:00 Thai time, the gold contract on the COMEX (Commodity Exchange) market is delivered in December. It fell $ 41.00, or 2.10%, to $ 1,910.70 / oz.

Pfizer Inc., the largest pharmaceutical company in the United States, and the German pharmaceutical company BioNTech. He announced today that the results of the experiment indicate that the COVID-19 Vaccine jointly developed by Pfizer and BioNTech, is more than 90% effective against COVID-19. For those who have never been infected before

Pfizer and BioNTech say the results of the vaccine development are a big day for science and humanity.

“I think we can see the light from the end of the tunnel,” said Pfizer Chairman Albert Birla.

Previously, scientists waited for a vaccine against the new coronavirus. It is at least 75% effective, while Dr. Anthony Fosy, director of the National Institute of Allergies and Communicable Diseases. And he is the chief physician of the working group for the control of COVID-19. The White House once said that 50-60% of the vaccine was effective.

Pfizer will introduce a vaccine against COVID-19. To the US Food and Drug Administration (FDA) over the next week. And 50 million doses of the vaccine are expected to be produced this year and 1.3 billion doses next.


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