Biden-fuelled risk appetite keeps gold near four-month low
Metal is weaker as formal start of US president-elect Joe Biden’s transition to the White House lifts riskier assets
25 November 2020 - 08:05
Bengaluru — Gold languished near a four-month low on Wednesday as appetite for riskier assets remained buoyed by the formal start of US president-elect Joe Biden’s transition to the White House and the hope a Covid-19 vaccine would be ready soon.
Spot gold eased 0.2% to $1,803.51/oz by 3.27am GMT. On Tuesday, it had hit its lowest level since July 17 at $1,800.01. US gold futures dipped 0.1% to $1,803.20...
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