PRECIOUS-Gold slips as likely Republican Senate dents large stimulus hopes

PRECIOUS-Gold slips as likely Republican Senate dents large stimulus hopes

* Stock rally as investors price gridlock in Washington

* Trump wins battlegrounds of Florida, Ohio and Texas

* FACTBOX-Who is winning the U.S. election?

* 2020 U.S. ELECTION: What you need to know right now* Graphic: Global markets since Trump’s election in 2016 (Recasts and updates prices)Nov 4 (Reuters) – Gold prices fell on Wednesday as bets that the Democrats will be unable to take control of the U.S. Senate in the razor-edge American election dashed hopes for a larger U.S. coronavirus stimulus.Spot gold fell 0.7% to $1,896.02 per ounce by 1:52 p.m. EST (1553 GMT). U.S. gold futures settled down 0.7% at $1,896.20.Prices fell more than 1% earlier in the session as the dollar emerged as the favoured safe haven, with President Donald Trump falsely claiming victory with millions of votes still uncounted in the tight presidential race.“It’s becoming quite expected that the senate is not going to shift […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

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