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Gold futures prices continued to fall today. It sank more than $ 100, or more than 5%, approaching the $ 1,850 level as investors poured in gold as a safe haven. Following a report of great progress in the production of a vaccine against COVID-19.
At 11:58 p.m. Thai time, in December the gold contract was delivered on the COMEX (Commodity Exchange) market. It fell $ 101.50, or 5.20%, to $ 1,850.20 / ounce.
Gold futures have tumbled more than $ 100, hitting their worst record in seven years, nearly falling $ 1,930 in trading on Aug. 11 after the news. Russia has registered a vaccine against COVID-19. It is the first country in the world
Analysts have warned that the success of the development of a vaccine against COVID-19 will be a factor in pulling the price of gold. After the previous jump
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) next week. And 50 million doses of the vaccine are expected to be produced this year and 1.3 billion doses next.
