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Gold, the U.S. Dollar, and bond yields are experiencing strong volatility as the U.S. election unfolds, with markets awaiting the election outcome.
Gold was steady in the early morning Asian session as traders awaited U.S. presidential election results.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
The number of first-time buyers of precious metals, including gold, around the world rose sharply last month ahead of the U.S. election, but new buyers of the metals in the U.S. actually declined on a monthly basis, suggesting that gold may have lost its haven appeal among American investors, according to BullionVault.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The services sector expanded for the 50th time in 53 months.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold could face a selloff following the U.S. election, particularly if former President Donald Trump wins, Citi analysts said.