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Gold sheds 1% on profit taking, US Treasury Secretary news
Gold prices declined 1% on Monday as investors booked profits following a five-session rally to a three-week high, while the announcement of fund manager Scott Bessent as the new U.S. Treasury Secretary tempered safe-haven buying.
Prominent investor Scott Bessent picked as Trump's treasury secretary
President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as U.S. Treasury secretary.
The Bessent Bounce — Markets Cheer Trump’s Treasury Pick
Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.
Gold drops nearly 2% on profit-booking, Trump's Treasury secretary pick
Gold dropped nearly 2% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S. Treasury secretary.
Trump’s pick for Treasury Secretary has markets betting he’ll take the sting out of ‘America First’ trade policies
Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury Secretary, with markets buoyed by comments on tariffs.
What's News Podcast: Markets Cheer Trump’s Treasury Secretary Pick
In Whats News, the WSJ’s Alex Frangos discusses how hedge-fund manager Scott Bessent is seen as a more predictable pick to lead the Treasury Department. Meantime, Donald Trump
World stocks, bonds bounce on Bessent pick as US Treasury Secretary
By Nell Mackenzie and Tom Westbrook LONDON/SINGAPORE (Reuters) -World markets cheered the selection of fund manager Scott Bessent as U.S. Treasury Secretary on Monday on hopes he might restrain debt levels,
Donald Trump’s Interesting Pick for Treasury Secretary
In the second MAGA Administration, the hedge-fund manager Scott Bessent will have the job of acting as a voice of reason.
13h
Gold Tumbles as Traders Turn Attention to the Fed’s Next Move
Gold tumbled after surging by the most in 20 months last week, with traders ignoring a softer US dollar and shifting their ...
2d
Gold rallies on safe-haven demand, set for best week in nearly 2 years
Gold prices breached the $2,700 threshold for the first time in two weeks on Friday, on track for their biggest weekly gain ...
Mises Institute
1h
Could an Increase in the Supply of Gold Cause a Boom-Bust Cycle?
Can an increase in the supply of gold cause a boom-bust cycle? Mises believed it was theoretically possible but highly ...
1d
on MSN
Bitcoin vs. gold: State Street worries the crypto rally's allure is distracting precious metal investors
State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays do not offer the stability of gold.
MoneyWeek
1h
Alchemy: gold for the gullible
People have fallen for alchemy for centuries, including Isaac Newton and Johannes Kepler. They should have known better ...
50m
Gold Price in Pakistan Plummets After Gaining Over Rs. 15,000 Per Tola Last Week
The price of gold in Pakistan posted a significant decline on Monday after surging by over Rs. 15,000 per tola last week. ...
1d
on MSN
Japan holds first memorial for ‘all workers’ at Sado gold mines but blurs WWII atrocity. Why?
Japan will hold a memorial ceremony near the Sado Island Gold Mines, which were listed this summer as a UNESCO World Heritage ...
Bloomberg L.P.
3d
Bitcoin versus Gold: The heavyweights duel
Both
Gold
and Bitcoin reached new peaks over 2024 – $2,787 for
Gold
on 30 th October up 44% over the year and Bitcoin hit ...
1d
Heartless thief accused of stealing gold-plated rose from 9/11 memorial laughs throughout arraignment
The man accused of stealing a $3k gold-plated rose from a church’s 9/11 memorial laughed through his arraignment on Saturday ...
Inverse
8m
25 Years Ago, Pokémon Set The Gold Standard For RPG Sequels
Pokémon is one of the most successful video game franchises of all time, and the formula was set in stone with the incredible ...
2d
on MSN
Gold could jump 11% next year as central banks ramp up their buying spree, Goldman Sachs economist says
Central banks are in the midst of a gold buying spree that could continue through 2025, according to Goldman Sachs.
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