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Gold rose as the dollar fell after the Democrats took control of the US House of Representatives

2018-11-07 11:13 am | Resource: News | No Views : 62


 
Gold rises as dollar falls after Democrats dominate US House of Representatives, which will be a major revision of Trump bills and Trump's way of winning

Where gold prices rose Wednesday as the dollar fell after the midterm elections of Congress, which showed Democrats win the majority of the House of Representatives, and the control of the Republicans to the Senate. Democrats were able to overthrow the House of Representatives, while Republicans boosted their majority in the Senate in this closely monitored mid-term election.

Where the Democratic Party benefited from the enthusiasm of voters and raised amazing funds to balance the balance of power in the room. That victory will make Democrats control the House for the first time since 2010 and are likely to return to House of Representatives Speaker Nancy Pelosi.

 After the Democrats took control of the House of Representatives, a victory that gives the party real powers to examine the victory of President Donald Trump and Republicans in the Senate

Dollar Trading and Gold Futures
  • The dollar index, which tracks the performance of the greenback against a basket of six currencies, fell 0.42% to 95.9130.
  • The spot metal delivery price rose 0.5% to $ 1233.31 per ounce at 11:17 GMT.
  • Gold futures for December delivery rose 0.67% to $ 1234.50 per ounce.


Other analysis

OIL Technical analysis 16 November 2018

Time frame Used - four hours Oil is moving in a bearish direction in the near term. Oil is still under selling pressure, as it has not been able to test the resistance level 57.88 to face oil selling pressure around the level of 57.37 to fall back down again. In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators to the…

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