Gold falls nearly 5% on Covid-19 vaccine euphoria
Spot prices beat a sharp retreat from a near two-month peak
09 November 2020 - 22:03
Bengaluru — Gold tumbled nearly 5% on Monday as news of the first successful late-stage Covid-19 vaccine trials prompted investors to dump safe-haven bullion and flock to riskier assets.
Spot gold was down 4.8% at $1,857.61/oz in New York, while US gold futures settled down 5% at $1,854.40...
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