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...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.