Gold Plummets as US Small Caps Spike to Record High

Potentially reduced conflict in the Middle East and Trump’s Treasury pick may have acted as drivers for the stock rally.
Gold Plummets as US Small Caps Spike to Record High
Traders work on the floor of the New York Stock Exchange in New York City on Oct. 22, 2024. Spencer Platt/Getty Images
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Gold prices declined on Nov. 25 following reports of a potential cease-fire in the conflict between Israel and the Hezbollah terrorist group, while stock markets experienced record gains.

Spot gold prices opened at $2,715 per ounce on Monday, falling by more than 3.3 percent to close at $2,625 per ounce. The decline came after five consecutive days of rising prices and erased gains made in the previous three days.