Gold and PLN win the US elections so far
07:00
Pennsylvania now expects to finish counting the "overwhelming majority" of their outstanding ballots on Thursday, the state's top election official said, a key development that could determine whether former Vice President Joe Biden wins the White House or President Donald Trump clinches a second term. Biden currently leads with 253 electoral votes to Trump's 213, and 270 electoral votes are needed to win the presidency.
Counting votes, then an announcement of results and election protests. The US elections won't end that soon. In addition, there is a pandemic, Brexit is close. There is great turmoil in the financial markets.
Ore prices went up, or in other words, the dollar weakened against metals. Why? The likely win in the presidential race by Joe Biden suggests the possibility of increasing the printing of the dollar. Silver is growing particularly strongly, which will gain demand on the green energy policy of the Democrat candidate. Fuels could go cheap if Biden eased sanctions on Iran. Plus more lockdowns and Brexit. The confusion grows.
US elections, "small lockdown", and it is possible that the "big" and pandemic turmoil in the world is not conducive to the economy. Joe Biden's potential victory strengthens bullion prices. Fuel prices are also expected to decline. The zloty gains on the dollar depreciation. Capital returns from dollar-denominated assets to markets such as Polish.
