Gold Price Plummets $100, Can It Go Lower? Pfizer, Travel Stocks Soar, Zoom Tanks

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%).

Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

 

Shares
|ShareTweet

60 comments

Leave a Reply

Your email address will not be published.