Gold plunges 3% as Trump Treasury pick and potential Israel-Hezbollah truce fuel risk-on mood

A potential Israel-Hezbollah ceasefire agreement and Bessent's appointment were the key contributors to the bullion selloff, experts said.

Read more at CNBC

Save story

Topics

Related

2-year Treasury yield sees biggest monthly rise since February 2023
Business - MarketWatch - October 31
How Trump's team is reacting to a potential Israel-Hezbollah ceasefire deal
Top stories - CBS News - 15 hours ago
Trump's Treasury pick search
Politics - The Hill - November 18
U.S. Envoy Visits Lebanon, Seeking Truce Between Israel and Hezbollah
World - The New York Times - November 19
Cease-Fire in Lebanon Takes Effect
World - The New York Times - 1 hour ago
Will Biden address potential Israel-Hezbollah ceasefire deal?
Top stories - CBS News - 16 hours ago
Netanyahu announces potential Israel-Hezbollah ceasefire deal
Top stories - CBS News - 16 hours ago

More from CNBC

Dell shares fall on light forecast despite growing AI sales
Business - CNBC - 10 hours ago
Workday stock slips on light quarterly forecast
Business - CNBC - 11 hours ago
Donald Trump selects Kevin Hassett to lead National Economic Council
Business - CNBC - 8 hours ago
Jim Cramer defends cryptocurrency support: 'National debt worries are never going to go away'
Business - CNBC - 10 hours ago
Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
Business - CNBC - 12 hours ago