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Gold futures end near four month low level on Tuesday

25 Nov 2020 Evaluate
Gold futures ended steeply lower on Tuesday, as the surge in risk-on sentiment in the market as US stocks continued to rally for a second day in midst of vaccine optimism and after US President-elect Joe Biden moved closer to take the reins of power in January with a formal nod.

Gold futures for December delivery were down by 1.8% to settle at $1,804.60an ounce on the Comex division of the New York Mercantile. Spot gold dipped dropped 1.5% to $1,807.95 per ounce.