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According to statistics, more than 150 million voters have cast their votes. The media reported that Biden had won 290 electoral votes after winning two highly controversial Pennsylvania and Michigan.

Far beyond the threshold of 270 votes to be elected president of the United States! At this stage, it has been settled who will become the new White House owner, but Trump has not conceded, and will start legal proceedings in several States to challenge the election results.

On the other hand, leaders from many countries have called to congratulate Biden on his election as the 46th President of the United States, and George Bush, the veteran leader of the Republican Party and former president, also publicly congratulated Biden on his election, saying that the election was fair and the results were clear.

He praised Trump, a party friend, for his achievements supported by more than 70 million voters, but added that Trump had the right to challenge the election results by law. George Bush's statement clearly set a new step for Trump, hoping that he would know the truth and leave the stadium beautifully.

Once Biden officially becomes the new president of the United States, the first domestic task must be to prevent epidemic and continue to stimulate the domestic economy. To know the differences between Pelosi of the Democratic Party and the Trump administration, he delayed the plan with a $2.2 trillion relief plan.

However, when times change, the Senate controlled by the Republican Party will play a supervisory role and pull Biden back. For foreign countries, he will always deal with international disputes and return to multilateralism by smooth means, and then the political situation is expected to become more stable, which is beneficial to the world economy.

Last week, the Reserve Bank of Australia announced its interest rate decision and lowered the discount rate to 0.1%, a record low. The Reserve Bank of Australia also announced its A $100 billion quantitative easing plan, while the Bank of England announced its interest rate decision and kept the discount rate unchanged at 0.1%.

But it will increase the amount of debt purchased by about $195 billion. Britain is the first country to announce a large amount of substitution easing after Australia's central bank joined the Bank of Australia. Investors expect central banks of various countries to continue printing money to save the economy, and the Brexit negotiations are progressing satisfactorily.

The US dollar is soft, but last week, the Federal Reserve announced the results of the interest rate decision. Fed members agreed to keep the interest rate between 0 and 0.25%, which is in line with market expectations. However, the speech of Federal Reserve Chairman Powell is the key point.

Noting that the economy has not returned to the level before the outbreak in February, and the recent economic momentum has weakened, he reiterated that he will not reduce the scale of debt purchase and expects the inflation rate in the United States to maintain or even slightly exceed 2%. He said that the Fed's bullets are still not used up.

The Fed will adjust its tools next month, after the name of the new president is announced. Powell's remarks made people think, and the dollar broke a three-week low.

After the central banks issued a large number of banknotes, they immediately depreciated. In addition, under the low interest rate policy, the real interest rate was worse, and the negative interest rate had a chance to exist for a while. When investors generally pursued higher risks, the US dollar was low and gold performed well.

Last week, the highest level was $1960 per ounce, and it closed at $1951 per ounce, rising by $73. It is expected that the epidemic stimulus plan will be approved before the new US President Biden officially takes office.

After that, the Federal Reserve will increase the price and cut interest rates, and gold will be by going up one flight of stairs.

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