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.
Trump’s pick for Treasury Secretary has investors hopeful that 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.
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.
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.
Treasury yields drop after Bessent picked for Treasury
Bond yields dropped on Monday on hopes that President-elect Donald Trump’s pick of Scott Bessent to be Treasury secretary will help lower budget deficits while slowing the implementation of tariffs.
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,
Who is Trump's treasury secretary pick, Scott Bessent?
Scott Bessent, a billionaire hedge fund manager who has helped fundraise for Donald Trump, is the president-elect's choice to lead the Treasury Department.
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 ...
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 Institute1h
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 ...
Gold is up 5% this week because it’s a ‘preferred’ hedge to global risks, UBS says
Gold prices were heading for a more than 5% weekly gain as missile attacks between Russia and Ukraine intensified, stoking ...
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.
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. ...
MoneyWeek1h
Alchemy: gold for the gullible
People have fallen for alchemy for centuries, including Isaac Newton and Johannes Kepler. They should have known better ...
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.
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 ...
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 ...