“Gold plummets after appointment of new US Treasury SecretaryGold prices fell 3.4% to $2,619.66 an ounce due to the appointment of Scott Bessant as US Treasury Secretary. The fall was also influenced by reports of a possible truce between Israel and Hezbollah.”, — write on: unn.ua
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Spot gold fell 3.4% to $2,619.66 an ounce, its biggest daily percentage drop since June 7. US gold futures fell 3.5% to $2,618.50.
Today’s roughly $100 fall in gold prices is as severe in scale and pace as the sell-off following the November 6 US election
A potential cease-fire agreement between Israel and Hezbollah and the appointment of Bessent were key drivers of the bullion selloff, according to Shils.
We will remind
UNN previously reported that the price of gold rose to $2,688 per ounce amid the escalation of the war in Ukraine.
Gold rises amid escalation of war in Ukraine – ReutersNovember 22 2024, 09:03 • 15765 views