Vaccine optimism puts gold on course for worst month in 4 years

 

Gold fell on Monday en route to its worst month in four years, as optimism over a coronavirus vaccine-led economic revival prompted investors to buy into traditional risk assets. Spot gold declined about 1% to $1,771.22 per ounce by 0452 GMT, shedding 5.7% so far this month - its biggest since November 2016. U.S. gold futures dropped 0.7% to $1,775. "Vaccine-inspired optimism about an economic bounce is really eroding the attraction of safe-haven investments like gold," said Michael McCarthy, chief strategist at CMC Markets, adding the metal's fall below $1,800 was another trigger for the sell-off. Vaccine optimism ...

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