Gold prices declined sharply on Friday with improved risk sentiment reducing the commodity’s safe-haven appeal.

Optimism about coronavirus vaccines and news about Joe Biden’s transition to the White House lifted sentiment and drove up stock prices in recent sessions, prompting investors to move away a bit from the safe-haven asset.

A weak dollar limited gold’s slide. The dollar index, which drifted down to a low of 91.76, was last seen at 91.82, down 0.19% from previous close.

The most active Gold futures for February contract ended down $23.10 or about 1.3% at $1,788.10 an ounce today. Gold futures shed about 4.5% in the week, the sharpest weekly decline in two months.

Silver futures for March ended lower by $0.807 at $22.639 an ounce, while Copper futures for March settled at $3.4175 per pound, gaining $0.0870.

AstraZeneca Plc and the University of Oxford are facing questions about their Covid-19 vaccine trial results after acknowledging a manufacturing error.

The U.K. drug maker said that further research is needed but it didn’t expect the additional trial to delay U.K. and European regulatory approvals.

The British government said it has asked the regulator to assess the Oxford/AstraZeneca vaccine to understand the data and determine whether it meets rigorous safety standards.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.