Bullion retreats as vaccine hopes nourish risk-bearing markets

24.11.2020

Gold prices eased on Monday as drugmaker AstraZeneca injected fresh optimism into the race for a COVID-19 vaccine, bolstering appetite for riskier assets and overshadowing support for bullion from a weaker dollar.

Spot gold fell 0.3% to $1,865.20 per ounce by 1145 GMT and U.S. gold futures fell 0.5% to $1,863.30.

Britain's...