BENGALURU (Reuters) - Gold prices dived on Tuesday as the dollar clung to recent gains, while expectations of a US stimulus deal boosted risk appetite and prompted investors to take profits from bullion's run to a record high.
Spot gold plunged 4.2% to US$1,941.71 per ounce by 1311 GMT, retreating from last week's record of US$2,072.50. US gold futures dropped 3.5% to US$1,969.20 per ounce.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!