2 Days
Source:
مصراوي
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Democrats' market impact
The Democrats’ victory in securing majorities in both the US House and Senate sent the dollar down 0.6% to 101.27 points, its lowest level in a month, while gold rose 2.94% to $4,045 an ounce, supported by the weaker US currency and lower bond yields. By contrast, Brent crude fell 1.92% to $101.61 a barrel, and West Texas Intermediate dropped 1.8% to $94.36, as markets awaited the impact of the results on efforts to end the war in the Middle East. Experts say the direction of all three assets will remain dependent on developments in the war, oil supply, economic data and US monetary policy. They expect volatility over the coming weeks, with the full impact of the elections not likely to emerge before January.
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Notice: This Is an AI-Generated Summary
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