Gold loses Previous session’s Gains amid Election Result

Gold loses previous session's gains amid election result

Yellow metal slid its previous session’s profits and went into reds in the early trades of Friday morning. Interestingly, due to controversial remarks and allegations of rigging in the US elections, the results are due. However, Democrat’ss Joe Biden has a clear edge with 264 electoral votes to his credit against Republican’s Donald Trump with 214. 

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Reportedly, Trump has questioned the integrity of elections, calling it biased and deceitful. He has pulled legal calls on Michigan, Georgia, Pennsylvania and Nevada votings. However, the lawsuits on Michigan and Georgia were rejected plainly. 


Meanwhile, even if crowned to the power, Biden would face the opposition of a Republican Senate that would make the passing of the much-awaited stimulus package even more difficult for COVID-19.


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