Bulls buy early dip in gold, prices trade modestly up

Bulls buy early dip in gold, prices trade modestly up

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( Kitco News ) – Gold futures prices are firmer in midday U.S. trading Monday. After losing modest overnight gains on news that another drug firm had a very good outcome on a Covid-19 vaccine trial, traders stepped in to buy the dip in the yellow metal and push prices back above unchanged. A weaker U.S. dollar index and higher crude oil prices also worked in favor of the precious metals bulls on this day. December gold futures were last up $5.30 at $1,891.50 and December Comex silver was last up $0.055 at $24.83 an ounce.

Moderna early this morning announced strong results in its third stage of a vaccine trial. Moderna’s vaccine is deemed at 94.5% effective […]

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