GOLD PRICES SLUMP AS DOLLAR RATE STEADIES

Highlights

• The traders seemed optimistic with the reports of President-elect Joe Biden planning to unveil his stimulus plan worth over $1.3 trillion

• Spot gold went down by 0.3 percent to $1,838.44 per ounce, while the US gold future fell 0.8 percent to $1,839.80

On the second last trading day of the week, the prices of gold slumped as the dollar prices steadied and also courtesy of the US Treasury ho....