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 Which Commodities Are Doing the Best in 2023? READ MORE Goldman Sachs Urges Investors to Bet on Gold READ MORE Metals Close Mixed on Final Trading Day — Gold Up 14% for the Year READ MORE Housing Costs Fuel Jump in Core US Inflation READ MORE India's Gold Duty Cut Diminishes Dubai's Appeal for Shoppers READ MORE Add a Comment Cancel replyYour email address will not be published.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