Bengaluru — Gold slipped on Tuesday as progress on a Covid-19 vaccine and a federal agency’s approval of US president-elect Joe Biden’s transition to the White House bolstered risk appetite, denting bullion’s safe-haven appeal.

Spot gold fell 0.6% to $1,824.91 an ounce by 3.32am GMT. It fell as much as 2.2% on Monday to hit a four-month low. US gold futures were down 0.8% at $1,823.90...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now