简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Gold May Hit New High amid Steady Election Odds
Abstract：The latest polls show Democratic presidential nominee Biden leads Trump in key states. Nevertheless, the winner remains unclear according to the election odds of the betting company, supporting the risk-oriented gold with uncertainties.
WikiFX News (19 Sept.) -The latest polls show Democratic presidential nominee Biden leads Trump in key states. Nevertheless, the winner remains unclear according to the election odds of the betting company, supporting the risk-oriented gold with uncertainties.
Fluctuations in the Biden-Trump spread ahead of the presidential debate on September 29 may bring along risks to markets. If the race progressively intensifies, a directional change in the polls may catalyze a bout of volatility, injecting uncertainty into markets. The increased risk sentiment is expected to boost gold prices.
Judging from recent odds, the spread between the two is narrowing with the average bet remaining steady. How this trend plays out in the future deserves close attention.
Currently, gold prices are carving out a bullish flag. If the upper band is broken, gold can hopefully reclaim the uptrend by further testing the year high of $2069.77, and even an all-time high is again waiting ahead.
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX
Chart: Trend of Gold Price
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Revealing Factors That Help Determine the Gold Price in India
Want to know why gold prices differ from one place to another in India? It's because of these top reasons. Read this interesting gold story.
Gold Rush Again: What's Driving the Bullion Market Crazy Ahead of US Jobs Data?
Gold prices rebounded on July 1 owing to a declining US dollar and mounting concerns over US trade tariffs. Investors resorted to the yellow metal as key US economic and policy data is about to be made public.
Breakthrough again! Gold breaks through $2530 to set a new record high!
Spot gold continued its record-breaking rally as investors gained confidence that the Federal Reserve might cut interest rates in September and gold ETF purchases improved. The U.S. market hit a record high of $2,531.6 per ounce
Historic Moment: Gold Surges Above $2,500 Mark, Forging Glory!
Boosted by the weakening of the US dollar and the expectation of an imminent rate cut by the Federal Reserve, spot gold broke through $2,500/ounce, setting a new record high. It finally closed up 2.08% at $2,507.7/ounce. Spot silver finally closed up 2.31% at $29.02/ounce.
WikiFX Broker
Latest News
What is a Pip in Forex?
WikiFXNew to Forex Trading in India? Here's How You Can Start and Maximize
WikiFXFXTRADING.com: A Closer Look at Its Licenses
WikiFXxChief: A Closer Look at Its Licenses
WikiFXIntel spins out AI robotics company RealSense with $50 million raise
WikiFXRisk Involved with Cabana Capital – Every Trader Should Know
WikiFXTom Lee's Granny Shots ETF is crushing the market and raking in cash
WikiFXXTB Hack 2025: Major Security Breach Exposes Client Accounts
WikiFXNvidia's Jensen Huang sells more than $36 million in stock, catching up with Warren Buffett in net worth
WikiFXThese are America's 10 weakest state economies most at risk in a recession
WikiFXCurrency Calculator
