CWG Markets The results of the US election are about to be announced
On Tuesday, as traders awaited the results of the US election, the US dollar index continued to decline, falling below the 104 level and ultimately closing down 0.467% at 103.41. The yield of US Treasury bonds surged and fell back, with the benchmark 10-year US Treasury yield closing at 4.281%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.181%.
On Tuesday, spot gold rose slightly with the support of safe haven demand, approaching the $2750 mark at one point, and finally closed up 0.27% at $2743.99 per ounce. Spot silver ultimately closed up 0.62% at $32.66 per ounce.
Marex analyst Edward Meir said, "Regardless of who takes over the White House, gold should rise because neither candidate seems to oppose not only maintaining spending, but also increasing it
International crude oil rose for the second consecutive day due to the potential reduction in oil production caused by hurricanes in the Gulf of Mexico and a weak US dollar. The WTI crude oil hit a high of $72.34 per barrel, then fell slightly and finally closed up 0.39% at $71.72 per barrel; Brent crude oil closed up 0.16% at $75.35 per barrel.
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