The US elections are over and the outcome is an uncontestable victory for Donald Trump and the Republican Party. Trump got 50.4% of the national vote, a margin of more than 2 percentage points over Kamala Harris. This signals a decisive victory by recent US election standards. He won all seven swing states and got about the same number of votes in 2024 as in 2020 (Harris got 10 million fewer than Joe Biden had that year).
Ananya
Gold Defends Key $2,547 Support; What’s Next?
Spot Gold Price Forecast: The short-term technical outlook for Gold price remains more or less the same, with any recovery attempts likely to be short-lived as long as the 14-day Relative Strength Index (RSI) stays bearish.
Gold prices hit one-month low amid strong US dollar; check latest prices in your city
Gold prices fell for the third day in a row, declining by ₹1,470 per 10 grams in early trade on Wednesday, November 13, due to a stronger US dollar in global markets. The American currency traded near three-month high levels ahead of the key inflation data which could give cues about possible rate cuts by the US Federal Reserve.
What Should Be Your Near-Term Strategy For The Gold?
With US election uncertainties behind us and the Fed cutting rates as anticipated, gold prices are experiencing profit-taking amid a lack of new catalysts.
Trump’s policies are likely to increase inflation risks
“From last week’s record high, Gold (XAU/USD) had thus fallen by around $140. Selling pressure was caused by a significantly stronger US dollar and a sharp rise in US bond yields. In previous weeks, neither of these factors had been a hindrance for Gold. However, the extent of the USD appreciation and the rise in yields were apparently too strong this time to be ignored by Gold.”
Gold price today: Yellow metal declines after Fed cuts rates by 25 bps
Gold price today: Gold rates declined in the domestic futures market Friday morning on profit booking at higher levels after the US Fed cut rates by 25 bps on expected lines.
US natural gas prices are side-lined
Natural Gas (NG) Outlook: The recovery from Monday’s 2.665 low, made marginally above the October low at 2.636, is ongoing with US natural gas prices treading water at present. For another upside thrust to unfold, a rise above Tuesday’s high at 2.903 would need to be seen. If so, the 20 June high at 3.016 would be back in play. Further up lie the early to late October highs at 3.081-to-3.141.
Trump tax cuts come at the right time for stocks. Further ahead, it gets murky.
For stock markets, the short-term and long-term outcomes of the “Trump trade” won’t necessarily be the same.
Donald Trump’s victory
So far, President-elect Donald Trump’s victory Tuesday has been positively received by investors, as was the case in 2016. The S&P 500 rose 2.5% to a record close Wednesday, buoyed by Trump’s stated intentions to, among other tax cuts, take the corporate-tax rate from 21% to 15% for companies that manufacture in the U.S.
2024 united states elections: Donald Trump closer to reclaiming the White House
Donald Trump won the battleground state of North Carolina on Tuesday, fending off a challenge from Kamala Harris, who was looking to flip the state and expand her pathways to 270 electoral votes. The former President also won the swing State of Georgia, returning its 16 electoral votes to the Republican column.
![Why the Stock Market is Down Today? [04 November 2024]](https://www.goldsilverreports.com/wp-content/uploads/2018/04/Stock-Market-x4s2x@goldsilverreports-GSR.jpg)
Why the Stock Market is Down Today? [04 November 2024]
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade on Monday. While BSE Sensex plunged over 1,400 points, Nifty50 went below the 23,900 mark. At 1:14 AM, BSE Sensex was trading at 78,526.57, down 1,198 points or 1.50%. Nifty50 was at 23,906.90, down 397 points or 1.64%.