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.
Full Article
Mississauga takes down American flags amid Canada-U.S. trade war
The city of Mississauga has taken down American flags in response to the Canada-U.S. trade war. This decision comes as tensions between the two countries continue to escalate. The move reflects the city's stance on the trade dispute and its impact on Canada. Full Article
Read more