Gold Tumbles on Vaccine News

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9 November, 2020.

Gold falls on news of positive vaccine results from Pfizer.

The S&P 500 index closed higher for the day at 3,550.50 +1.17% as investors increased their appetite for risk.

The metals markets were also hit by a solid rally in the U.S. dollar index today. December gold futures were last down $92.50 at $1,859.40 and December Comex silver was last down $1.887 at $23.775 an ounce.

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