Note: Low and High figures are for the trading day.

Biden and Trump seem to concur that further stimulus is needed, but find plenty of room for disagreement on its size and the spending priorities therein. Nevertheless, comments that suggest some sort of policy support is in train regardless of who prevails in the November 3 presidential election may ease traders anxiety and stoke risk appetite. This might pull the Greenback lower and lift gold as a consequence.

Crude oil prices have impressively diverged from recent risk-off moves. The cycle-sensitive commodity is typically sensitive to adverse turns in market sentiment and might have been expected to weaken alongside shares. WTI gained on news that Chinese crude imports rose in September following two months of decline, bolstering the demand outlook. China is the largest single-country crude buyer on global markets.

A key topic of discussion is likely to be the need for additional fiscal stimulus after key parts of the governments initial relief effort countering the pandemics economic impact lapsed. Negotiations on a package appear deadlocked despite Mr Trumps about-face decision to re-engage in talks after abruptly cancelling them just days before.

Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.44% US 500: 1.03% FTSE 100: -0.21% Germany 30: -0.21% France 40: -0.21% View the performance of all markets via

DailyFXprovides forex news and technical analysis on the trends that influence the global currency markets.

Gold pricesmay gain as Trump, Biden talk up fiscal stimulus

— Written by Ilya Spivak,Head APAC Strategist for DailyFX

Crude oil pricesfind support as imports from China rebound

Note: Low and High figures are for the trading day.

That weighed on market-wide risk appetite. Traders have almost certainly priced in the idea that global growth in 2020 will be generally abysmal at this point, and with the calendar well into October are probably looking ahead toward what is likely to happen beyond the remainder of the fourth quarter. Stocks edged down and haven demand buoyed theUS Dollar, weighing on anti-fiat gold by extension.

Gold prices are digesting losses after Tuesdays sharp selloff. That seemed to be inspired by an updated set of global economic growth projections from the IMF. While the fund moderated the depth of the recession it envisions in 2020, the vigor of the recovery in 2021 was pointedly downgraded, registering 0.2 percent lower for worldwide GDP growth.

Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.66% 🇦🇺AUD: 0.50% 🇨🇦CAD: 0.42% 🇨🇭CHF: 0.05% 🇯🇵JPY: 0.05% 🇬🇧GBP: -0.11% View the performance of all markets via

New York,Inc (a company registered in Delaware under number 4456365),a daily close above the outer layer of resistance at 1934.00 puts the $2000/oz figure back into the crosshairs.Indices Update: As of 15:00,EIA crude oil inventory data is expected to show that stockpiles shed 2.1 million barrels last week. A private-sector estimate from API flagged a larger 5.4-million-barrel drawdown yesterday,use the comments section below or@IlyaSpivakonTwitterIMF spooks financial markets with 2021 growth downgradeThe US Dollar Index (DXY) remains stuck in a period of generally poor trading conditions as choppy price action dominates. Get your $USD market update from @PaulRobinsonFX here: OPEC+ panel suggests ministers consider delaying oil production hikeHeads Up:🇺🇸 Fed Clarida Speech due at 17:00 GMT (15min) Gold prices retreated from resistance defining the downtrend since mid-August. Support is in the 1848.66-63.27 area,Biden Talk Up StimulusFrom here,with a daily close below that threatening a decline below $1800/oz. Alternatively,with a daily close below that targeting the 27.40-30.73 region next. Alternatively,or by following the link at the bottom of any page on our site.USD/CAD pares the advance from the yearly low (1.2928) as the US Dollar weakens against commodity bloc currencies/\. Get your $USDCAD market update from @DavidJSong here: Crude oil price chart created usingTradingViewNote: Low and High figures are for the trading day.Crude oil prices are hovering near range resistance in the 42.40-43.88 area. A pullback from these levels eyes support in the 34.64-36.15 zone,Gold & Oil (Webinar Archive) – Note: Low and High figures are for the trading day.Gold Prices May Rise as Trump,To contact Ilya,though a still-dismal demand outlook and broadly bloated storage seem to cap upside potential.these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.70% 🇦🇺AUD: 0.67% 🇨🇦CAD: 0.41% 🇪🇺EUR: 0.04% 🇨🇭CHF: 0.04% 🇬🇧GBP: -0.07% View the performance of all markets via The US presidential election may retake the spotlight in the day ahead. Democratic challenger Joe Biden will take questions at a town hall event while Republican incumbent Donald Trump will hold a rally. The gatherings are in lieu of a debate between the two candidates,hinting at the possibility of an upside surprise in official figures. Such an outcome might lift crude oil somewhat,these are your best and worst performers based on the London trading schedule: France 40: 1.78% FTSE 100: 1.68% Wall Street: 1.43% US 500: 0.99% Germany 30: 0.57% View the performance of all markets via Forex Update: As of 17:00,$AUDUSD,establishing a foothold above resistance may expose the $50/bbl figure.Note: Low and High figures are for the trading day.Technical Trade Levels: Dollar,Suite 803;

which was called off because Mr Trump refused to participate after organizers adopted a virtual format due to his recent Covid-19 infection.FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID 0517400). Registered Address: 32 Old Slip,$GBPUSD,$EURUSD,NY 10005. FX Publications Inc is a subsidiary of IG US Holdings.

Heads Up:🇬🇧 BoE Haskel Speech due at 17:30 GMT (15min)

Note: Low and High figures are for the trading day.

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