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Gold Down Over Hopes For a COVID-19 Vaccine

Gold was down on Thursday morning in Asia, with investor sentiment boosted by positive results from yet another potential COVID-19 vaccine.

U.S. pharmaceutical company Pfizer (NYSE:PFE) announced the results from the early stage human trial for BNT162b1, its mRNA candidate jointly developed with German biotech firm BioNTech (NASDAQ:BNTX), on Wednesday. The results showed production of neutralizing antibodies in all the patients who were inoculated after 28 days.

Pfizer also has three other mRNA candidates under development.

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