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Qingdao International Nonferrous Metals Trading Center, phone QQ: recruiting members, agents, account opening, investment, high rebate Qingdao International Platform Information As the countdown to the US presidential election enters on May 1st, who can enter the polls, Hillary or Trump? There is still a lot of uncertainty about the White House. The heightened uncertainty about the U.S. election has added to rising risk aversion in global markets. US Republican candidate Trump has lit a fire in the gold market!
Concerns about Trump’s victory are strengthening and gold prices are expected to rise
Spot gold has risen for five consecutive days, and the gap between U.S. presidential candidates has tightened, stimulating safe-haven demand for gold.
There are still days before voting in the US presidential election. The latest polls on Thursday showed that the gap between the two parties has narrowed, with Democratic candidate Hillary Clinton slightly ahead of Trump. According to authoritative polls, Hillary's support rate is %, and Trump's support rate is %. In mid-month, the poll showed Clinton leading by 3 points.
Looking forward to the market outlook
ANZ Bank’s senior commodity strategist said that Trump’s victory will set off a wave of risk aversion. As the results of the U.S. election become more unpredictable, the price of gold has increased in the past few trading days. rise. If the polls show that Clinton and Trump continue to be neck and neck, gold prices will continue to rise before the final results of the election are known.
The head of commodities and foreign exchange business execution at UBS Group’s wealth management subsidiary said that if Trump is elected, we think gold prices will rise towards the dollar per ounce. If Hillary is elected, gold prices may fall against the dollar. Compared with the two, the price of gold is obviously biased towards the upward direction. Coincidentally, Citigroup released a report on Thursday saying that if the tail risk of US Republican presidential candidate Trump's victory is realized, the volatility of gold prices will continue to rise and may rise to US dollars per ounce.
Economists at Capital Economics in London said we are bullish on gold as the prospect of a possible Trump victory will continue to support gold prices in the coming days.
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