Nov 25 - Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next U.S.

Hedge fund executive Bessent will be Trump’s primary conduit to Wall Street investors who are skeptical of the ...

Markets are reacting positively to Trump's nomination of Scott Bessent for Treasury Secretary, but what could it mean ...

Gold prices tumbled nearly 3% on Monday. A possible Israel-Hezbollah ceasefire eased geopolitical worries. Scott Bessent's ...

Bessent isn’t the first hedge fund manager to take on the role of Treasury secretary; that honor went to Steven Mnuchin in 2017. But while Mnuchin spent 17 years at Goldman Sachs Group Inc. before ...

On that front, GDP, inflation and employment are currently positive catalysts looking into 2025. Higher-than-expected ...

Donald Trump’s selection of hedge-fund manager Scott Bessent to serve as Treasury secretary triggered a sigh of relief across ...

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers ...

With fewer than three weeks since the election, President-elect Donald Trump has now chosen all of his Cabinet secretaries. He recently announced his pick for Treasury secretary as hedge fund manager ...

Bond investors are cheering Donald Trump’s pick of Scott Bessent to lead the Treasury Department. Why? Bessent favors typical ...

Trump has vowed to impose massive new tariffs, eyeing a duty of 10% to 20% on all foreign goods and 60% or higher on goods ...

Scott Bessent's potential appointment as Treasury Secretary under Trump sparks mixed reactions. Learn about the financial ...