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Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks episode artwork

EPISODE · Nov 14, 2020 · 16 MIN

Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks

from Kitco NEWS Interviews · host Peter Hug, David Lin

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.

What this episode covers

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’.

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Gold price plummets $100, can it go lower? Pfizer, travel stocks soar, Zoom tanks

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How long is this episode of Kitco NEWS Interviews?

This episode is 16 minutes long.

When was this Kitco NEWS Interviews episode published?

This episode was published on November 14, 2020.

What is this episode about?

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home...

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