11/19/2020, 5:28 PM (Source: TeleTrader)
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Precious metals retreat amid vaccine optimism

Prices of precious metals decreased on Thursday as investors turned from trading in safe-haven assets amid optimism spurred by the latest developments on the COVID-19 vaccine front. After encouraging news came from Pfizer and BioNTech, and Moderna, AstraZeneca unveiled earlier in the day that its coronavirus jab also showed promise.

Spot gold lost 0.71% to sell for $1,859.96 per ounce at 11:27 am ET, while silver dropped 1.66% to $23.94 per ounce at the same time.

Platinum gained 0.11% to sell for $945.18 per ounce at 11:28 am ET and palladium concurrently slid 1.48% to go for $2,304.28 per ounce.

Breaking the News / BU