Gold futures settled with a modest loss on Thursday, their second in a row, on expectations that the U.S. Meals and Drug Administration will quickly authorize the emergency use of a COVID-19 vaccine. “Vaccine information is bearish for gold,” stated Chintan Karnani, chief market analyst at Insignia Consultants. The main target for the gold market will now shift to the Federal Open Market Committee assembly subsequent week and information on further stimulus, he stated. February gold fell $1.10, or almost 0.1%, to settle at $1,837.40 an oz. Market Pulse Tales are Speedy-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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2020-12-10