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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UK’s Farage sets out plan for ‘mass deportation’ of asylum seekers
Former Brexit campaigner Nigel Farage announced plans for "mass deportations" of migrants crossing the English Channel if his Reform UK party gains power, proposing withdrawal from the European Convention on Human Rights and repatriation agreements with countries like Afghanistan and Eritrea. He aims to eliminate asylum rights for small boat arrivals, create holding facilities for 24,000 migrants, and operate multiple deportation flights daily, citing public safety concerns and rising immigration as a national emergency. Want...
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