Gold futures dropped about 0.33% to trade at $1,947.
Gold futures were trading at $1,937 an ounce printing a gain of $42 per ounce.
Gold prices are dropping amid the complexity seen in the U.S. COVID-19 stimulus package deal.
At the time of writing this report, Gold futures gained 0.51% at $1,871/ounce.
The 36-year-old entrepreneur believed to be worth $104 billion, keeps just $2.3 billion in cash (about 4.4 % of his net wealth).
At about 6.30 am, WAT (West African Time) Gold Futures traded at $1,841/ounce showing a gain of 0.20%.
The strong rebound in the precious metal market is largely attributed to the new COVID-19 pandemic-related restrictions taking its stronghold globally.
Gold futures contract gained about 3% W/W, as it turned out to be the yellow metal's best week since the week ended October 30.
Gold futures prices dropped 0.32% at $1,813/ounce, though it's now trading above the $1,800 mark.
For the month of November, the precious metal lost for the third consecutive week, dropping 6% in value month to date.