Gold rose 1% today after a sharp decline in the previous session, with the return of focus on the possibility of more monetary stimulus measures to revive a global economy that is still suffering from the repercussions of the Corona pandemic.

By 06:05 GMT, spot gold jumped 1.1 percent to $ 1881.39 an ounce, while US gold futures rose 1.3 percent to $ 1878.70 an ounce.

Prices fell 5.2 percent on Monday after the US company "Pfizer" said that its experimental vaccine for Covid-19 was more than 90 percent effective, based on the results of initial trials.

Despite optimism about the vaccine, uncertainty still hangs over the implications of an increase in COVID-19 cases in the United States and Europe.

Source: "Reuters"

By:Nadeemy Haded

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