Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gold Flat Over COVID-19 Vaccine, Slackening in U.S.-China Tensions

CommoditiesJul 16, 2020 01:08AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Bryan Wong

Investing.com- Gold was flat on Thursday morning in Asia, with investors retreating from the safe-haven asset over continued hopes of a COVID-19 vaccine.

Gold Futures were down by 0.02% to $1,813.35 by 1:10 AM ET (6:10 AM GMT).

Moderna (NASDAQ:MRNA)’s potential COVID-19 vaccine reported positive results from its early trials on Tuesday. The research team reported in the New England Journal of Medicine that all 45 test subjects developed neutralizing antibodies in their bloodstream at levels comparable to those found in people who survived COVID-19.

Dr. Anthony Fauci, the leading expert on infectious diseases in the U.S, also predicted on Wednesday that the country will meet its goal of a COVID-19 vaccine by year’s end, spurring hopes of an economic recovery.

Russia also successfully completed early stage trials of a COVID-19 vaccine. Developed by the First Moscow State Medical University and the Main Military Clinical Burdenko Hospital, the vaccine reported positive preliminary results on Wednesday.

In another development that dampened demand for gold, U.S. President Donald Trump indicated on Tuesday that he would not impose further sanctions on Chinese entities responsible for enacting Hong Kong's national security laws. The move aimed to cool down the simmering tensions between the U.S. and China after Trump removed Hong Kong's special trade status and signed broad sanctions on Chinese entities on Tuesday.

Gold Flat Over COVID-19 Vaccine, Slackening in U.S.-China Tensions
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
Dan Fournier
Dan Fournier Jul 16, 2020 9:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How irresponsible to post such unverified falsehoods. Saying "Moderna’s potential COVID-19 vaccine reported positive results from its early trials on Tuesday." & "The research team reported in the New England Journal of Medicine that all 45 test subjects developed neutralizing antibodies in their bloodstream at levels comparable to those found in people who survived COVID-19." is absolutely not factual. In addition, other medical institutions have been outlining the adverse effects of this vaccine. References: - Bad News For Moderna: More Evidence Shows COVID-19 Antibodies Disappear Not Long After Infection (URL: https://www.zerohedge.com/geopolitical/bad-news-moderna-more-evidence-shows-covid-19-antibodies-disappear-after-infection) - Moderna COVID-19 Vaccine Induced Adverse Reactions In "More Than Half" Of Trial Participants (URL: https://www.zerohedge.com/political/moderna-covid-19-vaccine-induced-adverse-reactions-more-half-trial-participants) Grave disservice to your readers Mr. Wong
sean jung
sean jung Jul 16, 2020 3:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bull ***
Flemming Rasmussen
Flemming Rasmussen Jul 16, 2020 3:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Agree - utter bull! Gold is basically not down, when it has only lost 0.02 percent. A vaccine will not save the economy right away, so it does not make much difference in the short term.
Sri Tekumalla
Sri Tekumalla Jul 16, 2020 3:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
right now vaccine or gold? I'll take em both. take the vaccine to enjoy the gold while saving it. lol
Yudi Tri Sanjaya
Yudi Tri Sanjaya Jul 16, 2020 1:11AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Awesome
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email