Shocking! Trump's victory triggered a 175-point surge in the US dollar and a nearly $85 drop in gold prices. How to trade gold?
On Wednesday, after Trump was elected President of usa, investors rushed to buy dollars, causing the gold price to plunge to a three-week low. Stone X analyst Rhona Connell said: "Originally, the market expected election results to be controversial, but Trump's clear victory eliminated this uncertainty, reducing risks. Trump's election resulted in a strong rise in the dollar, and the combination of the two caused the gold price to fall."
Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Deplay Cash And Reduce Hedges, Short Term Opportunities At Hand, Prepare For Long Term Opportunties
IShares Silver Trust Options Spot-On: On November 6th, 531.09K Contracts Were Traded, With 5.8 Million Open Interest
On November 6th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 531.09K options for the day, of which put options accounted for 18.15% of the total
Can't stop it! The price of gold fell nearly 3% intraday, can the Federal Reserve save it?
Analysts say that a major issue facing the gold market is the comparison between the current Trump and the one who won the election eight years ago, what are the differences.
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday as Investors Digest Trump Win
[Real-time Tracking of the Election] Trump officially wins the usa election.
On November 5th, USA will hold the 60th presidential election, the current vice president Harris and former president Trump will officially compete. Finance Associated Press will track and report the latest developments of this election, so please stay tuned.
Gold Dumped for Riskier Options as Trump Nears Finish Line
After Trump announced winning the usa election, spot gold fell below the $2710 mark intraday. Will the gold bull market continue?
① Today around 2:30 PM, spot gold fell below $2710.00 per ounce, a decrease of about 1.24% intraday; ② According to Trump's core policy proposals of 'lowering interest rates, increasing income, and adding tariffs,' the USA is highly likely to experience a second round of inflation, which will be bullish for gold; ③ The price of gold is mainly related to whether the US dollar is strong and geopolitical risks.
USA election sudden breakthrough! Trump wins the 2024 USA election, gold price plunges over $40, dollar surges 185 points. Well-known institutions analyze gold trades.
On Wednesday, the Asian market saw a sharp drop in spot gold prices at the close, with gold prices currently falling to around $2702 per ounce, a drop of nearly $42 within the day. The counting of votes for the US presidential election is still ongoing on November 6th local time. US media estimates that Trump has already secured at least 270 electoral votes.
Gold Prices Dip as Dollar Surges on Trump Lead in Early Voting
USA election heavyweight! Harris 212 votes closely following Trump's 232 votes. Gold price surged over $12 from the daily low. Chief analyst's technical analysis of gold.
On Wednesday, during the Asian market session, the latest news of the US election voting showed that Trump's lead further narrowed, causing the USD to significantly retreat from the day's high. Spot gold continued to rise in the short term, with the current gold price reaching around $2743 per ounce.
What happened?! Trump's lead suddenly narrowed, gold prices surged in the short term approaching 2750, and the US dollar experienced a top reversal. Trump just made a stunning statement.
In Wednesday's Asian market trading, the usd index fell from its high, and spot short-term surged suddenly, currently approaching the $2750/oz mark. The latest vote count in the usa election shows that Trump's lead has significantly narrowed. At present, Trump has received 101 electoral votes, while Harris' vote count has increased from 51 earlier to 71.
Trump leads by 95 votes over Harris with 35 votes! bitcoin at 0.0714 million hits a record high, usd index soaring, gold and US bond markets in turmoil
The latest election results show Trump leading Harris by 95 votes. Bitcoin surged to $71,446, reaching a new high, while the USD index soared to 104.21. Trump's trade triggered intense volatility in the gold and US bond markets.
The US presidential election votes have triggered a big market movement! The latest results of the US election show a sharp rise in the US dollar and a big drop in gold prices, with gold trading at nearly 0.2 billion US dollars in one minute.
On Wednesday, in the early trading session of the Asian market, as the first batch of results from the USA election were gradually announced, the financial markets experienced intense volatility. The US dollar surged sharply in the short term, while spot gold plummeted, with the gold price just falling below $2740 per ounce. The Mexican peso and Japanese yen both fell in the early trading session of Wednesday in the Asian market.
IShares Silver Trust Options Spot-On: On November 5th, 193.05K Contracts Were Traded, With 5.79 Million Open Interest
On November 5th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 193.05K options for the day, of which put options accounted for 28.52% of the total
Here Is How Investors Can Capture Opportunities From The Election
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as US Heads to Polls for 2024 Presidential Elections
Daily options tracking | Up 14% after hours! Palantir pre-earnings options trading volume increased by 1.2 times; US bond etf call options made a profit of 200%, implied volatility level approaching historical highs before the election.
Nvidia rose by 0.48% yesterday, with its market cap surpassing Apple to become the global number one at one point. A big player bought calls worth 3 million USD; there are 45 million USD in put options on SPY, with big players betting on a drop in the S&P 500 by the end of the year.
Historically, gold has performed poorly after elections. Will it be different this time?
Citigroup believes that gold may face pressure in the short term after the US election, but the relationship between gold and the "Trump trade" is not significant. The structural bull market of gold remains stable, and investors are advised to buy when the gold price falls, expecting the price to reach $3,000 per ounce in the next 6 months.