At 6:00 PM (Luanda time), the price of gold, a safe-haven asset, dropped by 3.13%, trading at $2,631 per ounce, interrupting a streak of five consecutive sessions of gains.
In addition to the potential ceasefire between Israel and Lebanon, market analyst Adrián Hostaled noted that the selection of Scott Bressent as the future U.S. Treasury Secretary is another factor contributing to the decline in gold prices.
Meanwhile, the price of Brent crude oil, the European benchmark, fell by 2.8%, trading at $73.28 per barrel.
