Gold futures fell after U.S. President-elect Donald Trump appointed Scott Bessant as Treasury Secretary. Gold, the dollar and U.S. Treasury yields edged lower and stocks rose as Trump's choice of hedge fund billionaire Bessant as his finance minister curbed risk aversion, Saxo Bank's Ole Hansen said in a note. . Bessent, known as a fiscal hawk, believes tariffs should be used more as a negotiating tool and implemented gradually, Hansen said. Hansen added that gold prices fell sharply following the news, reflecting waning concerns about U.S. debt conditions and a squeeze on recently established long positions. (Golden Ten)