Gold and oil prices fell by approximately 3% on Monday following reports of a potential ceasefire agreement between Israel and Lebanon, which could ease tensions in the Middle East.
By 6:00 PM Luanda time, gold—a traditional safe-haven asset—had dropped by 3.13%, trading at $2,631 per ounce. This decline interrupted a five-session streak of consecutive gains.
Market analyst Adrián Hostaled highlighted that, in addition to the potential ceasefire, the nomination of Scott Bressent as the future U.S. Treasury Secretary also contributed to the drop in gold prices.
Meanwhile, the price of Brent crude oil, the benchmark in Europe, fell by 2.8%, trading at $73.28 per barrel.
This decline reflects market adjustments driven by geopolitical developments and economic policy expectations.
