Gold has always been called a risky asset. The implication is that when global uncertainty rises, gold, as an excellent safe-haven asset, will be called the first choice of funds, thus pushing up the price. or vice versa, Dallas to the auditorium

China also has a saying: Buy gold in troubled times.

In the American general election, Biden's election is a foregone conclusion, and the market began to trade Biden's election logic.

The market generally expects Biden to revise Trump's radical policy, and the market expects Sino-US relations to improve, and Trump's radical de-globalization policy will be eased to some extent. The US government's economic stimulus plan may accelerate.

On the other hand, it was recently reported that Pfizer claimed that its vaccine could prevent 90% of COVID-19 infections. Reuters said that the effectiveness of 90% is much higher than the 50% required by the US Food and Drug Administration (FDA).

The market interprets it as a milestone to end the current COVID-19 epidemic and a powerful weapon to quell the current chaos.

Taken together, the above factors have caused the current global stock index to rise sharply, crude oil to rise sharply, and risky assets such as gold and silver to fall sharply. The current market reaction seems to be "the world has suffered for a long time."

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