Gold Falls to lowest level in four Months

Gold prices fell today to their lowest level in four months with positive developments regarding the coronavirus vaccine, and Biden is expected to nominate former Federal Reserve Chair Janet Yellen as US Treasury Secretary. The spot price of gold fell by 1.5% to $ 1807.95 an ounce, after falling to its lowest level since July 17 at $ 1,800.01 an ounce, as US gold futures fell 1.8% to $ 1804.60 an ounce. As for the other precious metals, silver fell 1.2% to $ 23.30 an ounce, while platinum rose 3% to $ 955.26 an ounce, and for palladium, it recorded $ 2,354.59 an ounce.