Gold futures today gained $14.20 and is currently fixed at $1875.80. This is in response to a risk-off environment as US equities sold off today, diminish yields in US bonds and concern about the pandemic.

Gold futures continued to drift lower, continuing the sharp decline that traders witnessed on Monday of this week.

Yesterday’s announcement that two companies have developed a vaccine that has now completed the stage III trials, and is 90% effective in killing the coronavirus.