Gold price went down $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed up 2.9%, the Dow is up 3.8%, and also the NASDAQ is up only 1%, dragged down by business that gain from the work from house culture, like Zoom (-12%) and also Netflix (-4%).
Peter Hug, worldwide trading supervisor of Kitco Metals, claimed that these actions factor in assumptions that are a bit 'early'.
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