Gold drops on vaccine news


Golden investment: Anisah Ahmad (left, standing) and her friend Nurul Habzan Abdul Halim looking at bracelets in a jewellery shop in Jalan Tuanku Abdul Rahman, Kuala Lumpur. — AZLINA ABDULLAH/The Star

KUALA LUMPUR: The announcement on the discovery of the vaccine for Covid-19, which has brought relief to everyone in the world, including in Malaysia, is said to be a major factor for the sharp drop in gold price lately.

Gold investment consultant Syukor Hashim said gold price went up by 37% from early January until August where it used to exceed RM300 a gram.

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gold price , drop , covid-19 , vaccine

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