The election is coming out slowly and the forex market has almost zero reaction. Gold prices rise. Can US stocks continue to soar?

Gold: Spot gold fell 0.5% to US$1,939.10 per ounce. The sharp drop in the US dollar on Thursday boosted the price of gold to surge 2.4%, and is expected to rise 3.2% this week.

US gold futures fell 0.3% to $1,940.20 per ounce. Spot silver fell 0.9% to US$25.10 per ounce. Platinum was nearly flat at $892.46. Palladium rose 0.7% to $2,392.65.

Kyle Rodda, an analyst at G Markets, pointed out that the changing mechanism of the gold market in the past week has changed from a stimulus policy hedging tool to simply reflecting the trend of the US dollar.

Forex: The US dollar index was at 92.641, close to a two-week low.

The dollar was trading at 103.46 yen, close to an eight-month low. The dollar was at 1.1819 against the euro, down 0.87% in the previous day. The pound traded at $1.3127, holding onto Thursday's impressive 1.23% gain. The Australian dollar fell against the US dollar. Earlier, the Reserve Bank of Australia stated that it was prepared to expand its bond purchase program if necessary to support the economy.

During the Asian session, the vote counting results of several states in the United States were slowly released one after another, and the foreign exchange market hardly responded because the market expected it would take days or even weeks to release.

Crude oil: The price of WTI crude oil futures in the United States rebounded from the intraday low. It once fell by about 3% during the Asian session. The current decline has narrowed to about 1.5%.

The price of US WTI crude oil futures fell 59 cents or 1.52% to US$38.20/barrel, and fell to US$37.61 during Asian trading; the price of Brent crude oil futures fell 59 cents or 1.44% to US$40.34/barrel. In trading hours, it fell below 40 US dollars to 39.76 US dollars; natural gas prices fell 0.03% to 2.930 US dollars.

The market generally believes that Biden will be elected president, but his policy may be blocked in the Senate controlled by the Republican Party, making the prospects for the implementation of a large-scale economic stimulus plan bleak and putting oil prices under pressure.

Stocks: The Nikkei Index .N225 closed 0.91% higher to 24,325.23 points, the highest close since November 1991, when Japan was facing a stock market crash caused by the collapse of the bubble economy.

European stock markets closed up across the board, the British stock market rose about 0.4%; the German stock market rose nearly 2%; the French stock market rose more than 1%.

The London FTSE 100 index rose for the fourth day, closing at 5906 points, or 22 points, or 0.39%; the Frankfurt DAX index also rose for four days; closing at 12,568 points, or 243 points, or 1.98%; Paris The CAC index rose for five consecutive days, closing at 4,983 points, up 61 points, or 1.24%.