Gold price falls on hopes for vaccine, smooth Biden transition
Gold price hit a four-month low on Tuesday as investors deserted the safe-haven metal following a U.S. federal agency`s transition approval for Joe Biden and growing prospects for the swift release of an inexpensive COVID-19 vaccine.
Spot gold fell 0.2% to $1,831.90 per ounce by 717 GMT, having earlier slid to its lowest since July 21 at $1,820.45. It slumped as much as 2.2% on Monday. Source: PTI