Global gold prices fell by 0.1% … and an ounce recorded $ 1,809.40


Global gold fell on Friday, and is heading to record its third consecutive weekly loss, as investors balance doubts about a Covid-19 vaccine that tops the nominations and optimism that vaccines will arrive sooner than expected.

Gold fell in immediate trading 0.1% to $ 1809.40 an ounce, down 3.2% weekly, and US gold futures increased 0.1% to $ 1807.

Asian stocks tumbled from record highs after AstraZeneca faced tough questions about the success of its vaccine, which could hamper its speed in obtaining approvals from the United States and the European Union.

“As for the markets, I don’t think that changes the perception that there will be a vaccine sooner than expected,” said IG Markets analyst Kyle Roda.

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