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.
On Nov. 25, Michael Herzog, Israel’s ambassador to the United States, said in an interview with Israel’s Army Radio that Tel Aviv and Hezbollah were “close to a deal” and a cease-fire agreement. While there were still issues that need to be resolved, the cease-fire “could happen within days,” he said….