Commodity Roundup: Oil Prices Down, Gold Steadies as Focus Shifts to Fed Rate Decision
Trump's election victory dealt a blow to the price of gold, can gold continue to "shine"?
After Trump won the usa election, the price of gold futures plummeted.
Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Deplay Cash And Reduce Hedges, Short Term Opportunities At Hand, Prepare For Long Term Opportunties
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday as Investors Digest Trump Win
Gold Dumped for Riskier Options as Trump Nears Finish Line
103370157 : the printing of USD 1T every 3 months plus will result in inflation that will cause many hard commodities prices to be higher