Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood
Gold prices lost about 3% following President-elect Donald Trump's pick of Scott Bessent for U.S. Treasury secretary, as well as on emerging reports of a potential ceasefire agreement between Israel and Hezbollah. "The ~$100 wipeout in Gold today is as severe in size & pace as the post U.S. election selloff on Nov 6th," MKS Pamp's head of metals strategy, Nicky Shiels said.
Gold Lower as Safe-Haven Appeal Sours
Gold was lower in early Asian trade after the precious metal fell 3.4% on Monday, its biggest daily percentage decline since early November.
Gold prices face local peak, silver is the better set-up now – TD Securities' Ghali
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Will Gold Price Decline Turn Into Larger Correction? (Elliott wave)
The nine-year rally in gold prices might have ended, although there's a scenario that would allow for one more new high to be made next year. In the near term though, we believe a decline is due.
Gold price punished by profit takers, uptick in risk appetite
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold, Crude Oil & U.S. Dollar: Analyzing Impact on Equities
Alex Coffey is keeping a close eye on three notable market movers that can affect equities: gold, crude oil and the U.S. dollar. He discusses how geopolitics play a role and weighs whether they could thrust the SPX to a new all-time high today.
Gold price plunges on keener risk appetite, heavy profit taking
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold price down on corrective pullback from recent solid gains
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold market analysis for November 25 - key intra-day price entry levels for active traders
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold will still be able to find support drivers, could hit $3,000 by end 2025: CBA
Vivek Dhar of CBA says that one of the key attributes behind gold's strong performance in 2024 was its ability to find support in "any environment", a trend that he expects to continue in the next year.
Hang Seng Index: Gains Persist Amid China's MLF Decision and US Tariff Fears
Hang Seng Index gains as tech and auto stocks rally, but PBoC's steady MLF rate fuels caution in Mainland China markets.
Gold Edges Lower on Likely Pullback After Recent High
Gold edged lower in early Asian trading. A pullback after reaching highs was likely, as investors are still in the mood to reduce their gold positions, Nanhua Futures said.
