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While the effect of the US election on global markets has not waned, Biden’s stepping up in the election where Trump was profitable yesterday helped commodities.
Though the Trump front opposed the results in Michigan and Wisconsin, the dollar that rose yesterday is falling today. The dollar index fell below 93 points, the lowest level in the last 2 years.
As the spot market depreciated yesterday, gold and silver rose sharply with the expectation that Biden would be elected and a broader fiscal stimulus package, which did not pass the pre-election Senate.
While the spot gold price surpassed $ 1930 with a 1% increase, the rise in silver futures approached 4% and the market price of silver reached $ 24.7.
In addition to the presidential elections in the markets, the situation in the Senate is closely monitored and the results of tonight’s Fed meeting are also followed.
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