Financial markets assume that the coronavirus epidemic will soon subside thanks to the emergence of effective vaccines, which have already been announced by some pharmaceutical companies. Moreover, the US Federal Reserve will provide another package of financial assistance for the US economy. Stock markets hit new all-time highs, while gold prices fell 5.1% in November. After a prolonged demand for defensive assets, the trend seems to have changed. Investors are again showing interest in risky operations. Currently, the yellow precious metal is trading below $ 1,800 an ounce. Another negative factor for the gold market is the negotiations between the EU and the UK over Brexit, as a result of which a formal agreement may be reached. It is also highly likely that Donald Trump will accept his defeat in the US presidential election. As it became known recently, two vaccines may be approved for urgent use in the United States. Therefore, the markets assume that the first vaccinations will begin in December this year. As soon as the situation in the global economy begins to recover, then the prices of gold and silver will come under pressure. However, it cannot be excluded that side effects may be observed due to the rush to vaccination. In addition, strict restrictions remain in some countries. The precious metals market will receive a boost for growth again when the exact economic losses from the coronavirus crisis become known.