Gold plunges 5%, silver drops 7% as stocks soar on Covid-19 vaccine euphoria
Gold slumped more than 5% on Monday as news of the first successful late-stage COVID-19 vaccine trials prompted investors to dump safe-haven bullion and flock to riskier assets. Spot gold was down 4.9% at $1,854.44 per ounce by 10:11 p.m. IST, while US gold futures slid 4.9% to $1,855.30. Spot prices beat a sharp retreat … Read more