Gold plunges as vaccine hopes, strong recovery in US data signal

Gold plunges as vaccine hopes, strong recovery in US data signal

Gold prices weakened as Asian trade began on Tuesday, as COVID-19 vaccine developments and bullish U.S. manufacturing data bolstered investors’ hopes for a rapid economic recovery. Spot gold fell 0.1% to $ 1,834.40 an ounce at 0105 GMT. It fell to 2.2% on Monday, hitting a four-month low. US gold futures fell 0.3% to $ […]

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