【Top1 Evening】If Biden wins, dollars will weaken and EUR will strengthen, but don't worry, he can't threaten the oil industry

Spot silver rose 1.4% to US$24.23 per ounce. Spot platinum rose 0.6% to US$874.98, and spot palladium rose 0.6% to US$2,302.67 per ounce.

Analysis believes that Trump may appeal the election results and request a re-count of votes. Uncertain prospects will be detrimental to the gold market.

Forex: The US dollar index fell 0.2% to 93.23. The euro was quoted at 1.1760 US dollars against the US dollar, up 0.3% from yesterday, as some investors bet that Biden would win the election. The pound rose to $1.30 against the dollar because the Bank of England earlier expanded the scale of its bond purchase program.

John Vail, chief global strategist at Nikko Asset Management, said: "The euro has been volatile in recent days, but if Biden wins the election, the euro may indeed strengthen in the end."

Crude oil: Oil prices fell after rising for three consecutive days. US WTI crude oil futures prices fell 71 cents or 1.79% to 38.44 US dollars per barrel; London Brent crude oil futures fell 75 cents or 1.82% to 40.48 US dollars per barrel; natural gas prices fell 0.10% to 3.060 US dollars.

Earlier, after Trump announced his victory in advance, oil prices rose by 4%, but after the market discovered that the situation might be misjudged, oil prices fell. However, Rystad Energy research director Artem Abramov said that it is almost impossible for the United States to remove tax incentives for the energy industry. Even if Biden wins the election, the Republican Party is still likely to control the Senate.

Stocks: The Japanese stock market followed the rise of US stocks, closing 1.7% higher, setting a high in more than two years. The Nikkei index N225 closed up 1.73% to 24,105.28 points, the highest since October 3, 2018; the top stock index rose 1.39% to 1,649.9 points.