Golden Scout - U.S. Election In Spotlight, Gold Is Glowing.

Illustration photo of gold from BBC.

Kuala Lumpur 5 p.m. (GMT +8) - European stock markets are seen opening higher Tuesday, as investors welcome the end to a contentious U.S. presidential election campaign and hope for an end to political uncertainty.

Elsewhere, gold futures rose 0.1% to $1,893.45 per ounce, while EUR/USD traded 0.2% lower at 1.1659.

Polls open Tuesday, although nearly 100 million voters have already cast their ballots, to decide whether President Donald Trump or Democratic rival Joe Biden will occupy the White House for the next four years. The latest surveys suggest Biden has a substantial lead nationally, but the polling in several of the key swing states looks a lot closer. 

“Assuming the opinion polls are correct and Joe Biden wins a convincing victory with the Democrats retaining the House of Representatives and gaining control of the Senate this is likely to be the scenario that delivers the swiftest, most aggressive fiscal stimulus,” said analysts at ING, in a research note.

Aside from the U.S. political developments, investors are braced for an eventful week with central bank meetings by the Federal Reserve and Bank of England, as well as the release of U.S. jobs data for October.

For more information please refer to the original article : https://www.investing.com/news...