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Gold drops to its lowest level in 4 months after strong US data
Gold prices fell about two percent to their lowest level in four months during trading Monday, after better-than-expected data for corporate activity in the United States and optimism about progress in vaccines to prevent disease.
Covid-19, which has raised hopes for a faster economic recovery and pushed investors to turn towards riskier assets.
Gold fell in immediate transactions to $ 1834.95 an ounce, its lowest level since the twenty-first of July, before reducing its losses to 1.8 percent at $ 1836.71.
US gold futures fell 2.1 percent to $ 1833.30 an ounce
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