Gold prices are little changed today after plunging by more than 2% yesterday. The metal is trading at $1,890, which is slightly higher than yesterday’s low of $1,865. Other metals are also in the red today, with copper and silver prices falling by 0.10% and 0.70%, respectively. Yesterday, the price of gold dropped sharply after Moderna announced that its vaccine had an efficiency rate of about 94.5%. That rate was higher than that of Pfizer, whose efficiency was about 90%. As a result, gold, silver, and the US dollar dropped as risk-on investors moved to other assets. For example, in the United States, the Dow Jones rose to an all-time high as the S&P 500 and Nasdaq 100 indices rose by 1.17% and 0.80%, respectively. Today, the biggest driver for gold prices is the upcoming retail sales numbers and the lockdowns that have started to happen in the United States. Some states like California, New Jersey, Michigan, and New York have started to implement strict measures aimed at redu
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