Today (26 Nov 2024) on the website "Hua Seng Heng" last night investors sold off gold after reports that Israel reached a ceasefire agreement with Hezbollah and Donald Trump nominated Scott Bessant as the new US Treasury Secretary, which may take measures that benefit the stock market. Gold, which is a safe asset, was sold off for profit because investors wanted to hold assets with higher risk during a time when the economy may recover again.
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