U.S. dollar hits biggest drop in 2 months
On November 3, the U.S. dollar index recorded its biggest decline in more than two months, while high-risk currencies rose sharply, as the market expected more fiscal stimulus measures after the election of the next president by American voters. Spot gold refreshed its highest point since October 28 to 1910.67 US dollars per ounce. Due to the sharp decline in the US dollar, investors sought gold to avoid the risk of turmoil in the US election. Oil prices rose by more than 3%, the highest closing level in a week, following the general rise in the financial market, supported by signs that OPEC+ may postpone its production increase plan and the weak US dollar.
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