Gold prices plummeted by 3% following Scott Bessent’s selection as Treasury secretary by President-elect Donald Trump, and reports of a potential ceasefire deal between Israel and Hezbollah, reducing the appeal of the safe-haven metal. Spot prices of gold dropped to $2,616.80 per ounce, with futures trading at $2,628.5. The selloff was attributed to Bessent’s appointment, progress towards an Israel-Hezbollah ceasefire, and a decrease in physical demand from Asian central banks and traders.
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The City of Montreal: A derelict owner by its own definition
The old Canadian Motor Boat Co. complex next to the Lachine Canal is a prime example of demolition by neglect, with graffiti, smashed windows, and danger signs indicating potential collapse. The uncaring owner of the building is being targeted by the City of Montreal's new bylaw against poorly maintained vacant buildings. This initiative aims to address the neglect of historic properties and protect the safety of the community. Full Article
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