Gold tumbles over 3% on reports of Israel-Hezbollah ceasefire

By X-blogger - on November 26, 2024

Gold prices plunged over 3%, breaking a five-session rally to its highest in nearly three weeks, as reports of Israel nearing a ceasefire with Hezbollah, coupled with Trump’s nomination of Scott Bessent as the U.S. Treasury Secretary soured the precious metal’s safe-haven appeal.

The Gold-Dollar pair plummeted 3.8% in the last session. The CCI is giving a negative signal.
Support: 2479.3 | Resistance: 2792.5

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