Gold falls back from a close nine-year high

The willingness to take risks in the international financial markets recently fueled the news that the Mainz-based biopharmaceutical company Biontech and the US company Pfizer have made progress in research into a vaccine against the novel corona virus.

 

Gold fell down but goes up again

Gold fell from its close nine-year high of $ 1,789.17 a troy ounce mid-week. The willingness to take risks in the international financial markets recently fueled the news that the Mainz-based biopharmaceutical company Biontech and the US company Pfizer have made progress in research into a vaccine against the novel corona virus. The results of the vaccine tests were “encouraging”. In all 24 subjects, who were given two injections of the drug candidate, antibodies against Sars-CoV-2 were found after four weeks, which contained the virus SARS-CoV-2 in one were able to switch off the subsequent laboratory test, the companies announced on Wednesday.

Tests with up to 30,000 subjects are now to show whether these antibodies actually protect against infection with SARS-CoV-2. If this study also yields positive results and the vaccine is subsequently approved, the companies plan to produce up to 100 million doses of vaccine by the end of the year and possibly more than 1.2 billion doses by the end of next year.