GCMAIN Gold Futures(DEC4)
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Gold Futures(DEC4) News
Gold Is the New Bitcoin – TDS
Fed Interest-Rate Cut Still Likely After Trump's Win but December Is Open
Dollar Pulls Back Ahead of Expected Fed Rate Cut
Trump hits commodity futures hard, Citi: sell oil, buy the dip in gold, watch China for metals.
After the "Red Tide" swept through, commodities plummeted. Citigroup predicts that Trump's return will suppress oil prices, but still bullish on the gold bull market, the global de-dollarization process and central banks of various countries shareholding gold will continue to provide support. The mid-term trend of base metals may depend on changes in china and trade situation.
Gold Tumbles, Analysts See Support At $2,626
The Federal Reserve cut interest rates by 25 basis points, sticking to its guns. Can the gold bulls be saved?
A sudden appearance of Trump halfway! Global investors shift their focus to Powell, whether gold can "stop the bleeding" depends on this line of defense.......
Gold trading alert: After Trump's election victory, the US dollar soared to nearly a five-month high, causing gold prices to plummet by more than 3%, hitting a three-week low, aiming for 2600?
On Thursday (November 7), in early Asian trading, spot gold fluctuated slightly higher, currently trading near $2662.35 per ounce. Gold prices plunged more than $80 on Wednesday to a three-week low, hitting a low of $2652.35 per ounce, closing at $2658.78 per ounce, a drop of about 3.1%, the largest single-day drop since June 7, as investors poured into the dollar after Republican Trump was elected as President of the usa, with US bond yields also rising sharply, and US stocks hitting record highs putting pressure on the safe-haven demand for gold. Trump's victory in the US presidential election triggered a sharp rebound in the dollar, reaching its highest point since July 3rd.
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%.
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.
Dollar Surges Against Pound as Trump Claims Victory in US Elections
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.
Trump Win Could Boost Growth, But Also Long-Term Risks
Trump is nearing 248 votes for the "victory"! How to trade US dollars, gold, and bitcoin now that the Republicans have won control of the Senate?
USA election votes are being counted, with Trump leading Harris by 248 votes to 216, needing an additional 22 votes to declare victory. Bitcoin and the US dollar are maintaining high-level fluctuations, while gold becomes an exception in the general decline of csi commodity equity index.
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.
The sudden heavyweights in the US election! Harris with 193 votes urgently chasing Trump with 216 votes. The US dollar lost ground at 105, and the gold price rebounded close to 2740. The key battleground state of Georgia is about to cast a large number of
On Wednesday, during the Asian market session, the latest news of the US presidential election voting count showed that Trump's lead has significantly narrowed, and the US Dollar Index has also fallen below 105. According to real-time voting data from Fox News, as of now, Republican presidential candidate Trump has won 216 electoral votes, while Democratic presidential candidate Harris has won 193 electoral votes.
USA presidential election bombshell! Trump 205 votes vs. Harris 117 votes. The US dollar surged by 160 points, while the gold price fell. Offshore renminbi plummeted by more than 700 points.
On Wednesday, in the Asian market, the US dollar index continued to rise, influenced by the latest voting situation in the USA presidential election. The index just touched the 105.00 mark and surged 160 points intraday. According to real-time voting data from Fox News, as of now, the Republican presidential candidate, Trump, has won 205 electoral votes, while the Democratic presidential candidate, Harris, has won 117 electoral votes.