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Global investors are scrambling to avoid the impact of the "US election"! Is gold one of the safe havens?
Investors are wary of further sell-offs and are looking at small-cap stocks, United Kingdom assets, and gold as possible safe havens.
Biden's withdrawal triggered turbulence in Monday's opening: the US dollar fell, gold surged, and US futures rose.
In the early Asian trading on Monday, global markets have been focused on the news of Biden's withdrawal, triggering a preliminary market reaction. Some typical "Trump trade" represented by long-dollar and betting on the steepening of the US Treasury yield curve showed signs of sluggishness and decline in the early morning of the day. Meanwhile, US stock futures opened slightly higher on Monday, and gold rose in a safe-haven atmosphere of increasing uncertainty in US politics.
Wall Street is discussing Biden's withdrawal, will the 'Trump trade' be overturned?
Could political turbulence intensify the turmoil on Wall Street, and could the tailwinds for gold be stronger than the headwinds? Should we still stick to the "Trump trade"?
NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
Weekly Top Picks: Microsoft's big crash disrupts the global market! Gold risks holding at the 2400 mark!
Gold once again presents a thrilling market, falling more than 80 dollars after reaching a new high! Rotation in U.S. stocks dealt a heavy blow to technology shares, and Microsoft's outage added insult to injury! Federal Reserve officials collectively leaked information before the silent period, wary of Biden's resignation on the weekend... What exciting market did you miss this week?
What happened as gold rapidly falls below the $2400 mark?
If gold prices close below $2,400 today, it may be difficult to reach $2,500 in the short term!