Agency expects Biden to be elected president of the United States very high
Only 7 days before the US election, the market has paid more attention to whether Trump or Biden is elected. The market currently generally believes that Biden has a higher probability of being elected. If Biden is elected, the Democratic Party will introduce more economic stimulus, which will cause the dollar to continue to depreciate and gold to rise, but it is good for the US economy and stimulates gold and crude oil to rise. Conversely, if Trump is re-elected, as Wall Street analysts warned, it means that the scale of the economic stimulus package will be reduced, the dollar will be boosted, and gold and crude oil prices will fall.
Worries about the epidemic continue, gold prices rise slightly
In late trading in New York City on October 27, the price of gold rose slightly due to the weakening of the U.S. dollar and the fear of another surge in coronavirus cases. Spot gold hovered around $1,907 per ounce. The price of gold recently fluctuated within a narrow range. The prospect of fiscal stimulus plans. With the Senate adjourned before the election, these stimulus plans have been shelved, and traders are waiting for the results of the US presidential election next week.
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