Picture used for illustrative purpose. File Gulf Today Report Gold prices fell on Thursday as the dollar remains steady and headway in the development of COVID-19 vaccine outweighs the worries over virus cases soaring and the prospect of a large stimulus. Spot gold fell 0.21 % to $1,867.43 per ounce by 418 GMT, while US gold futures were down 0.4% at $1,866.60. After slumping for five straight sessions, the dollar index rose by 0.2%, making gold expensive for holders of other currencies. According to Ilya Spivak, DailyFx currency, a fiscal stimulus is what gold needs to advance, however, it may have a limiting factor that would lead to an increase in yields. READ MORE ...read more...