Gold falls due to strong US data, COVID-19 vaccination drive
Gold prices fell on Wednesday due to strong United States data. A rise in COVID-19 vaccinations is boosting hope for quick economic recovery. Spot gold was down 0.3% to USD1,737.75 per ounce and US gold futures slipped 0.3% to USD1,738.60 per ounce. Meanwhile, US jobs have jumped to a two-year high in February and hiring has picked up amid an intensified COVID-19 vaccination drive.