Gold Erases Losses as U.S. Vote Count Stretches On; Oil Jumps

Gold Erases Losses as U.S. Vote Count Stretches On; Oil Jumps

(Bloomberg) — Gold erased losses while oil rose as tight races in key battleground states in the U.S. election left investors scrambling to parse the shifting odds in a fraught battle for the presidency. Copper and gold sank earlier, as the unexpected closeness of the race sparked broad risk aversion and a flight to the safety of the dollar, but both metals were trading little changed after the dollar slipped heading into the U.S. opening. However, oil held gains, supported in part by a better-than-expected showing from President Donald Trump.

Click here for our real-time news updates and analysis

With millions of ballots still to be counted, Trump falsely declared early Wednesday he had won re-election and said he would ask the Supreme Court to intervene. Earlier, Joe Biden said he was “on track to win this election.” While his chances of an Electoral College victory have improved as votes come […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet