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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.
[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.
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.
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