Gold Stems Bessent Slump on Trump's 'Drugs and Migrants' Trade Tariffs

Gold Price News By Adrian Ash – Tuesday 26th November 2024

GOLD PRICES steadied above last night's 1-week lows in London trade Tuesday, stemming the precious metal's second 'Trump slump' since the White House election but remaining volatile as US stock markets extended yesterday's Bessent-at-the-Treasury gains despite Donald Trump declaring blanket trade tariffs on China, Mexico and Canada the day he re-takes office in January.

Bottoming overnight beneath $2606 per Troy ounce – down 6.6% from Halloween's spot-market gold price record, and losing $110 from last weekend's finish – the price of gold then rallied to $2640 before giving back $20 of that rebound as New York's S&P500 index opening at a new all-time high above 6,000 points.

That still left gold bullion just ahead of the S&P price index for the year-to-date.

Read more: https://www.bullionvault.com/gold-new...

SUBSCRIBE:    / @bullionvault  
Follow us on X:   / bullionvault  
Follow us on Facebook:   / bullionvaultenglish  
Follow us on Instagram:   / bullionvault_official  
Follow us on LinkedIn:   / bullionvault  

BullionVault is the world's largest online marketplace for gold, silver, platinum and palladium. Launched in 2005 and now caring for $4.1 billion of precious metal for over 100,000 users from 175 countries, it enables private investors to access the low costs, deep liquidity and ultra-high security of the wholesale bullion market.

A full member of professional trade body the London Bullion Market Association (LBMA) since 2008, BullionVault was chosen in 2017 as online vaulted bullion partner of the mining-industry backed World Platinum Investment Council. BullionVault in 2022 won a third Queen's Award for Enterprise, this time for International Sales.

Get the latest gold news: https://www.bullionvault.com/gold-news
Learn more about Bullionvault: https://www.bullionvault.com/help/FAQ...
Getting started: https://www.bullionvault.com/help/get...
BullionVault reviews: https://www.bullionvault.com/reviews.do
Open an account: https://www.bullionvault.com/secure/r...

#gold, #silver, #platinum #palladium #goldprice #silverprice #buygold #goldbullion #goldinvestment #goldcoins #silvercoins #goldjewellery #silverbullion #bullion #bullioninvestment #goldanalysis #goldetf #silveretf #goldjewellery #usdollar #inflation #interestrates #bullionvault #goldrate #goldpricetoday #yields #bonds #geopolitics #safehaven #goldchart #goldmining #goldbars #preciousmetals #silvergold #goldprice2024 #ratecuts #centralbanks #federalreserve #elections2024 #investor #commodities #stockmarketnews #stockmarket #investing #economy #usdebt #recession #investment

Please Note: All videos published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.