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Gold prices slide amid reports of Israel-Hezbollah ceasefire deal


//stocks-investing.news-articles.net/content/202 .. -reports-of-israel-hezbollah-ceasefire-deal.html
Published in Stocks and Investing on Monday, November 25th 2024 at 12:51 GMT by Thomas Matters   Print publication without navigation

  • Reports of the deal pointed to a potential de-escalation in the long-running Middle Eastern conflict, which in turn weighed on safe haven demand for gold. Still, they were undermined by both Israel and Hezbollah launching more strikes against each other over the weekend.

Gold prices experienced a decline following reports of a potential ceasefire agreement between Israel and Hezbollah. The news suggested that both parties were close to finalizing a deal that would halt the ongoing conflict, which has been a significant driver of gold's safe-haven appeal. This development led investors to shift away from gold, as the prospect of reduced geopolitical tensions typically decreases the demand for gold as a protective asset. The article also mentions that the market's reaction was immediate, with gold prices dropping as traders reassessed their positions in light of the potential for peace in the region. However, the article notes that such deals are often tentative and subject to change, keeping some level of uncertainty in the market.

Read the Full Investing Article at [ https://ph.investing.com/news/commodities-news/gold-prices-slide-amid-reports-of-israelhezbollah-ceasefire-deal-1548794 ]

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