ANSA Economia1 hour agoBusiness1 min readItaly

Gold rises with the US vote, Treasuries rise, Bitcoin is weak

Quick Look

After the American vote, gold rises by 2.6% to 4,007 dollars per ounce as a safe haven asset, while cryptocurrencies weaken and Treasuries advance with yields of 4.93% due to the expectation of a stalemate between Congress and the presidency that will curb the expansion of public debt.

AI-generated summary

Why It Matters

After the outcome of the American vote, investors distance themselves from risky assets and take refuge in gold, the safe haven par excellence, up 2.6% to 4,007 dollars an ounce. Cryptocurrencies are weak due to the risk of less favorable legislation and greater skepticism from the democratic camp. Treasuries advanced with yields falling by almost 3 basis points, to 4.93%, on the expectation that the stalemate between Congress and the presidency will slow down the expansion of American public debt.

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Gold is rising after the outcome of the American vote, with investors distancing themselves from risky assets and taking refuge in the safe haven par excellence (+2.6% to 4,007 dollars an ounce). Cryptocurrencies are weak, risking having to deal with less favorable legislation and greater skepticism from the democratic camp. Bitcoin, after losing up to 2.8% to $75,600, trades just below parity at $77,700. On the other hand, Treasuries are advancing, with yields dropping almost 3 basis points, to 4.93%, on the expectation that the stalemate between Congress and the presidency will slow down the expansion of the enormous American public debt.

What to Watch

AI outlook — possibilities, not facts

Treasury yields could continue to fall if the standoff between Congress and the presidency continues
Possible · Within weeks

Open Questions

What will be the ultimate outcome of the stalemate between Congress and the presidency?
What cryptocurrency legislation could be introduced?
How will gold and Bitcoin prices evolve in the coming weeks?