Gold Tumbles as Traders Mull Treasury Pick and Fed Outlook

Published on November 25, 2024

Gold tumbled as traders digested Donald Trump’s pick of Scott Bessent as Treasury Secretary and looked toward the Federal Reserve’s next interest-rate decision.

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Dollar, US Yields Fall on Bets Bessent Will Dilute Trump Plans

November 25, 2024
The dollar fell and US government bonds rallied after Donald Trump picked Scott Bessent to run the Treasury, a Wall Street veteran who investors expect will take the sting out of the administration’s more aggressive trade and economic policy proposals.