The US presidential race heats up as President Trump shocked everyone with his positive COVID-19 test last Friday. This caused rippled effects on various markets, including price drops in US indices, whereas gold jumped higher.
Meanwhile, the US Congress has given hints on a second massive stimulus aid to bandage the battered economy. This could cripple the US dollar more, and push gold prices because it is considered as a hedge against inflation. At present, gold (XAUUSD) is running towards the $1900 level and moves above the 100-day and 200-day simple moving average lines.
Speculate on gold prices and grab a share in a $500 prize pool. Next week, the $500 XAUUSD Trading Contest will start. It’s the third of four contests in the $2000 SimpleFX US Election Trading Cup. A total of 20 winners with the highest trading volume on gold will win prizes.
To join the contest, just trade gold (XAUUSD) on SimpleFX on October 12–18, 2020. The higher your trading volume, the bigger your rewards! Don’t miss this opportunity to profit from gold and the US election volatility.
Buy or sell gold easily using the SimpleFX mobile trading app, webtrader, or MetaTrader 4. The more you trade on gold during the contest period, the higher your chance to score a prize.
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