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 How Effective Is Gold As a Hedge? History Has an Empirical Answer READ MORE Crude Falls as Israel-Hamas Ceasefire Talks Progress READ MORE Consumer Sentiment Gap Raises Recession Fears READ MORE CBO Predicts Decade of Soaring U.S. Deficits READ MORE OPEC+ Negotiates Long-Term Extension of Oil Output Cuts READ MORE Add a Comment Cancel replyYour email address will not be published.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