EUR/USD 1.16275
-0.031%
Gold 4489.00
0.096%
Oil 92.075
1.269%
USD/JPY 159.902
0.148%
GBP/USD 1.34676
0.098%
GBP/JPY 215.355
0.247%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Secretary of State Marco Rubio: Venezuela needs a government that is legally formed through elections, but the conditions for this must be created.On June 3rd, Microsoft (MSFT.O) unveiled a new AI software designed to function like a 24/7 administrative assistant, the latest development in the companys efforts to integrate AI into the workplace. The software maker stated on Tuesday that while AI bots like ChatGPT or Microsofts Copilot are only visible to users, the new tool, "Scout," will appear in internal emails and calendar systems. Charles Lamanna, head of product development for Microsofts numerous business applications teams, said this means Scout will be able to handle a wider range of tasks autonomously. He explained that, for example, if theres a time conflict, the assistant can autonomously ask meeting organizers to reschedule. Salespeople can also ask their bosses questions with Scout. "It has its own independence, so its shareable," Lamanna said. However, Lamanna did not disclose Scouts pricing; initially, users will need to subscribe to Microsofts GitHub Copilot coding assistant. He indicated that customer pricing will likely be based on usage rather than a fixed subscription fee. Lamanna stated that in the long term, as the cost of accessing AI models continues to decrease, Microsoft hopes to incorporate more AI products into subscription plans.Microsoft (MSFT.O) executive: Will collaborate with Mayo Clinic to develop artificial intelligence models.Iranian Foreign Minister Araqchi: The Iranian and Saudi foreign ministers discussed diplomatic efforts in a phone call.Microsoft (MSFT.O) executive: Microsofts inference AI model was developed in collaboration with its own chips.

The election battle has already started. Who will benefit the gold price?

Eden

Oct 25, 2021 13:27

1602062057698480.jpg


If Trump loses power, gold prices may rise before the election

Under the epidemic, the Federal Reserve introduced an unlimited amount of easing policy, coupled with Congress’s rescue plan, which triggered a bubble in the financial market. The market risk was very high when it was realized, but because it was the election, the breakpoint was still not reached. In addition, the market generally believes that Trump’s election is beneficial to the stock market. Therefore, if Trump loses its position in the election, some investors may withdraw their funds from the stock market and turn to assets they consider safer, such as gold. High gold prices. This situation may occur before the general election, so changes in the election situation must not be ignored.


Biden's 7.3 trillion dollar policy or favorable gold market

If Biden is elected, it will undoubtedly ease the conflict at home and abroad and effectively suppress the epidemic. However, because the United States has suffered severely due to the epidemic, after Biden is elected, the chances of financial markets returning to before the epidemic are not low. The price of gold will return to the economy and fundamentals and will be affected by changes in the quantitative easing policy.


Judging from the current situation, the Fed stated earlier that unlimited easing will continue until 2023, which will allow gold prices to be supported to a certain extent. Therefore, at least before 2023, the election of Biden as president has limited impact on gold prices.


In addition, Biden proposes to launch a spending plan of US$7.3 trillion in the next 10 years. Some analysts believe that this is good for gold prices. Because of the increase in US government debt, the dollar will weaken and the price of gold will rise.


Even if Trump is re-elected, he will face a weak US economy, and the market's safe-haven demand for gold will not decrease.


Finally, if the elected president and the Congress belong to the same party, it is undoubtedly the most beneficial for governance. However, if the president and Congress split the party, the power of the president is weakened and domestic conflicts increase, which may benefit the price of gold.


If it is a real gold investment, the current gold price is under pressure and you can consider entering the market. However, if you participate in the form of leverage, you must pay attention to the current market sentiment, as the price of gold fluctuates greatly during the general election.


Suggestion