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Qingdao International Nonferrous Metals Trading Center, asphalt, copper, aluminum nickel, Qingguo Bank, Industrial and Commercial Bank of China custody, phone QQ: recruitment of members, agents, account opening, investment, high rebate Qingdao International Platform Information: Due to the market's concerns about the US election next week The gold market smiled, ending Friday on a steady note, as worries about the trade-off between worries and a solid U.S. jobs report smiled.
Although the strong U.S. employment report supports market expectations for a rate hike by the Federal Reserve next month, investors are worried about the outcome of the U.S. presidential election next Tuesday, dragging down global stock markets and the dollar.
Although the strong U.S. employment report supports market expectations for a rate hike by the Federal Reserve next month, investors are worried about the outcome of the U.S. presidential election next Tuesday, dragging down global stock markets and the dollar.
Spot gold fell .% to US$3.00, off the intraday low of US$1.00 hit shortly after the U.S. non-farm payrolls report. U.S. monthly gold futures ended up .% at $1.00 per ounce.
Although the strong U.S. employment report supports market expectations for a rate hike by the Federal Reserve next month, investors are worried about the outcome of the U.S. presidential election next Tuesday, dragging down global stock markets and the dollar.
Ur senior market strategist BHb said that if there is a possibility that Trump, the Republican presidential candidate of the United States, is elected, I think the impact this will have on the market will not be as big as some people fear.
At the same time, if he is elected, the initial reaction will be a rise in gold, and the rise will not be as dramatic as Brexit.
Gold initially fell but soon saw bargain hunting as investors remained jittery ahead of next Tuesday's election.
Hmh, director of the commodity strategy department, believes that Trump’s victory means that gold will rise, which is a factor worthy of more attention.
The U.S. dollar index is set to hit its biggest weekly decline in months. Last week, the U.S. Federal Bureau of Investigation (B) restarted its investigation into the Hillary Clinton email scandal.
Although the strong U.S. employment report supports market expectations for a rate hike by the Federal Reserve next month, investors are worried about the outcome of the U.S. presidential election next Tuesday, dragging down global stock markets and the dollar.
Citigroup pointed out in a report that the implied volatility of gold has risen sharply in the past as investors bought safe-haven assets after polls showed that the gap in support between the two presidential candidates narrowed.
At the same time, it is stated that the election will be a factor driving the trend of gold in the short term, and it is expected that the gold volatility rate will remain at a high level before the election day.
The gold holdings of D, the world's largest gold-backed listed trading fund, increased by . tons on Thursday.
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