Gold spirals lower on vaccine-led economic recovery bets

"The news of vaccines has led to a lot of optimism in the
market and we are seeing some outflows in safe-haven assets like
the dollar, Treasuries and the same is being reflected in gold
prices," said OANDA analyst Craig Erlam.
    Gold prices fell despite the dollar hitting its lowest level
in two and a half years.                               
    Bullion has declined more than $300 an ounce from a record
high of $2,072.50 an ounce hit in August.