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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.
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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.
For the past few years, gold has been riding a seemingly never-ending trend, and recently silver has decided to join the race, and both of these assets made headlines across the world because of how well they were performing.
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Gold has made yet another all-time high, but this time, nobody is talking about it.
The spectacular year-end rally in precious metals hit a wall on Monday, as gold and silver prices collapsed from fresh all-time highs. Traders aggressively booked profits in a market thinning out for the holidays, amplifying volatility and triggering a sharp technical correction.
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