CUR - Gold falling to four-month lows; miners also slip

Gold is continuing its downward trend that began when the encouraging vaccine data starting coming out.Spot gold ([[XAUUSD:CUR]], -1.8%) and gold futures -2.2% are down to levels not seen since late July when the yellow metal was still rallying off pandemic lows.Gold futures are down about 6% from its close before Pfizer and BioNTech released their first batch of vaccine efficacy numbers. During that time they've fallen below the 50-day moving average of about $1,900 and the 100-day MA of $1,918. It's still above the 200-day MA of $1,808.The SPDR Gold Trust ETF ([[GLD]], -1.8%) is sitting more than 4% above its 200-day SMA of around $168.GLD had not been below its 100-day SMA since March.Gold miners are also weak. Newmont ([[NEM]], -3.2%), Barrick Gold ([[GOLD]], -3.9%), Yamana Gold ([[AUY]], -3.9%), Kinross Gold ([[KGC]], -4.3%)Ever since the vaccine rotation trade started, gold has been moving in the opposite direction of the rallying value stocks and small-caps.

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Gold falling to four-month lows; miners also slip