Commodity Roundup: Gold falls as Trump picks Scott Bessent for Treasury, oil down

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Nov. 25, 2024 5:48 AM ETSPDR® Gold Shares ETF (GLD), USOIAU, UCO, SLV, SIL, GDX, DBO, UNG, FCG, JJCTF, USL, SCO, SGOL, SIVR, GDXJ, UNL, PHYS, COPX, BNO, PSLV, NUGT, BOIL, KOLD, CPER, RING, OUNZ, SILJ, GUSH, DRIP, USOI, BAR, GLDM, AAAU, CO1:COM, NG1:COM, CL1:COMBy: Arundhati Sarkar, SA News Editor
Financial Analyst Working on a Computer with Multi-Monitor Workstation with Real-Time Stocks, Commodities and Foreign Exchange Charts. Businessman Works in Investment Bank City Office at Night.

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Gold and other precious metals eased on Monday after a strong weakly rise, as market participants reassessed rate cut expectations and the impact of Donald Trump’s pick of Scott Bessent for Treasury Secretary.

Markets expect Bessent to inject more stability into the U.S. economy


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