(MENAFN) On Friday, Nov. 27, because the market absorbed coronavirus vaccine updates, gold futures on the COMEX division of the New York Mercantile Alternate declined.
Settling at USD1,788.1 per ounce, probably the most lively gold contract for February supply dropped USD23.1, or 1.28 %.
The USD Index declined, which might normally be encouraging to gold. However market analysts assume it had no affect on the valuable steel as traders have been using the USD as a secure shelter much like gold within the coronavirus disaster.
Registering the strongest drop for gold futures because the week ended Sept. 25, gold dropped 4.5 % within the current week.
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