Biden's Exit Sparks Gold Price Fluctuations as Traders Weigh Implications Gold prices dipped on Monday as traders processed President Joe Biden’s decision to withdraw from the 2024 presidential race. Spot gold fell below $2,400 an ounce, as the uncertainty surrounding the election boosted gold’s appeal as a safe-haven asset. Meanwhile, concerns about declining demand in Asia and potential liquidations also weighed on prices. Despite these fluctuations, gold has surged over 15% this year, supported by expectations of U.S. interest rate cuts and geopolitical tensions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts New Study Exposes 'Greedflation' Impact READ MORE Expect Continued High Interest Rates as Fed Seeks More Progress on Inflation READ MORE Thailand Pension Fund Bets on Gold and Commodities to Offset Weak Stocks READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE Javier Milei's Budget Miracle: Libertarian Principles in Action! READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment