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Election Day 2020 LIVE UPDATES: Gold price off daily lows as Trump vs. Biden race rages on – Kitco NEWS

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November 4, 00:56

Biden gives live remarks to supporters and says election is “…not over until every ballot is counted, but we’re feeling good about where we are.” Trump pushes back and said he will be making his own statement.

November 4, 00:44

President Donald Trump has won Florida, AP reports, which makes this already too-close-to-call presidential race even tighter. Latest electoral college count stands at Biden 223 and Trump 174.

November 4, 00:36

Gold is holding steady around the $1,900 an ounce level as markets digest the U.S. election results. Spot gold is trading at 1,899.30, down 0.48% on the day.

November 4, 00:25

Democrat Joe Biden has taken Minnesota and Hawaii, AP reports. President Donald Trump has won Iowa, Montana, and Ohio. Electoral college count stands at Biden 223 and Trump 145. 

November 4, 00:10

The precious metals and equities futures markets are favoring a Trump re-election, this according to Peter Hug, global trading director of Kitco Metals.

“What it’s telling me is that the market, both the equity market and the metals markets, from a bullish perspective would prefer Donald Trump as the president and to continue for the next four years, and they are more worried on a Biden presidency, which has created some fear and some selling into the market whenever there is a suggestion that he has a reasonable shot of becoming the next president,” Hug said.

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November 4, 00:05

President Donald Trump has won the state of Utah, according to AP. Biden leads with 213 electoral votes versus Trump’s 118.

November 4, 00:02

Polls have now closed in California, Idaho, Oregon and Washington. Voting is going on in Alaska and Hawaii.

November 3, 23:38

November 3, 23:21

The U.S. election remains too close to call as Fox News declares Trump the winner in Florida.

November 3, 23:20

November 3, 23:19

Joe Biden has seen a jump in the electoral college votes as AP calls western states. Biden is expected to win California, Washington, and Oregon. Biden now leads the electoral college 209 with Trump is at 112.  So far there have been no major surprises in this election and there is still a long road ahead.

November 3, 23:15

Odds are building that Trump can pull off a second victory. However, some analysts note that there is still a path for Biden as he looks to take Arizona. Some of the states to watch will be Nevada, Michigan Wisconsin, Ohio and of course Pennsylvania. Basically, it is still anyone’s race.

November 3, 22:51

Fox News calls Arizona for Joe Biden, which narrows the path for President Trump.

November 3, 22:41

Fox News calls Florida for Donald Trump. California, Oregon and Washtington state all called for Joe Biden.

November 3, 22:49

The Electoral College count between Trump and Biden has narrowed. According to AP, Trump now has 108 votes while Biden maintains his lead with 131. Again the magic number to reach is 270.

November 3, 22:47

Not only is surging momentum in the U.S. dollar hurting gold but equity markets have been off to the races as odds now favor a Trump victory. Trading in Nasdaq futures was halted for two minutes after the index rallied 3.9%. Gold prices remain under pressure with December futures last traded at $1,896.60 an ounce, down 0.72% on the day.

November 3, 22:40

The U.S. dollar is currently spiking versus the Chinese Yuan. As the U.S. election looks right now, traders believe it is bad for China.

November 3, 22:38

Stock futures jump in volatile trading Tuesday evening. Nasdaq 100 futures are up more than 3%, the S&P 500 is up 1.6%, and the Dow Jones Industrial Average is up 0.6%. Gold is still trading below $1,900 an ounce but off its daily lows. Spot gold was last at $1,894.70, down 0.76% on the day. 

November 3, 22:26

AP is projecting Sarah McBride will win in Delaware. She will become the first openly transgender state senator in the United States.

November 3, 22:17

AP is declaring Trump the winner in Kansas.

November 3, 22:16

In another closely watched Senate race, AP projects that Lindsey Graham keeps his Senate seat in South Carolina Senate, defeating challenger Jaime Harrison.

November 3, 22:00

Fox News reports that Democrats are expected to retain control of the House.

November 3, 21:59

According to some analysts, the U.S. dollar is rising sharply as odds start to shift that President Donald Trump will win a second term. New momentum in the dollar is creating some strong selling pressure in gold and silver. According to some analysts, Trump’s odds of winning the election have jumped to 65%.

November 3, 21:56

Precious metals plunge as more results start to come in, with spot gold last trading at $1,886.00 an ounce, down 1.19% on the day, and spot silver at $23.30, down 3.78% on the day.

November 3, 21:54

Democrat Joe Biden has won the District of Columbia and the state of Colorado, maintaining his lead against Trump. Biden is currently ahead with 131 electoral votes versus Trump’s 92.

November 3, 21:41

While we wait for more U.S. election results to roll in, don’t forget to download Kitco Gold Live! app to stay on top of the latest market price action. 

November 3, 21:30

Some tips on how to get the most out of Kitco’s LIVE UPDATES: Don’t forget to refresh the page and here’s how to make the LIVE gold price chart bigger.

November 3, 21:25

Here’s some behind-the-scenes photos as we prep for late-night interviews to talk U.S. election results and gold. Stay tuned!

November 3, 21:21

President Donald Trump has won Arkansas, Indiana, Louisiana, Nebraska, Nebraska’s 3rd Congressional District, North Dakota, South Dakota and Wyoming, while Democrat Joe Biden has won New Mexico and New York. Currently, Biden is leading with 119 electoral votes and Trump is slightly behind with 92.

Spot gold has stabilized at around $1,900 an ounce level.

November 3, 20:39

CNN reports that QAnon promoter Marjorie Taylor Greene wins GA seat in Congress

November 3, 20:20

More results are coming in and Biden is still leading in the Electoral College vote 85 to 55. AP is calling the Mississippi, Oklahoma, Alabama, Tennessee and South Carolina for Trump. Biden is expected to win Illinois, Maryland, New Jersey, Massachusetts, Connecticut, Rhode Island and Delaware. So far, no major surprises in the election.

Gold prices are down as the results start to come in, but the precious metal continues to hold support above $1,900 an ounce.

November 3, 20:12

Gold price loses daily gains and turns negative. Spot gold is trading at $1,902.10, down 0.30% on the day.

November 3, 20:00

In Senate races, Mitch McConnell, Republican Senate Majority Leader has been reelected in Kentucky.

November 3, 19:54

Gold price is giving up some gains as spot gold is currently trading flat, last at $1,906, down 0.06% on the day.

November 3, 19:53

According to AP, Trump will win West Virginia and Kentucky, while Biden will take Vermont and Virginia. In Electoral votes, Biden has 16 and Trump has 13. We also need to point out that the magic number to reach is 270.

November 3, 19:35

There is still a long way to go in early counting, with all eyes right now on Florida. This has always been an important swing state investors need to watch. In a recent interview with Kitco News, Chris Vecchio, senior currency analyst at IG Group said that Florida could set the tone for the entire election race. “No Republican has won the White House without Florida since 1924. The state has been on the correct side of every presidential election since 1964,” he said. “If Ohio goes Democrat and Trump loses Florida, I would say the odds are that we know what the election results are going to be.”

November 3, 19:23

Polls have closed at 7pm ET time in six U.S. states, including Georgia, South Carolina, Virginia, Vermont, Indiana and Kentucky. Markets brace for results. Spot gold is trading at $1,911.40 an ounce, up 0.16% on the day.

November 3, 18:27

As first polls begin to close in some U.S. states, spot gold kicks off the Asian session on a stronger footing, last trading at $1,911.90, up 0.17% on the day.

November 3, 17:40

 Visions of 2016 election night loom large in investors’ memories and the question is can this happen again.

November 3, 17:30

The Dow closes 554.98 points higher on Tuesday, up 2.1% as gold continues to solidify its daily gains above $1,900 an ounce. December Comex gold futures are trading at $1,910.50, up 0.95% on the day.

November 3, 17:05

Make sure the coffee keeps flowing because it’s going to be a long night. Here is a list of when polling stations across the U.S. are closing. 

November 3, 13:24

Gold price is up 1% on the day as the U.S. Election Day is well underway with weaker U.S. dollar and higher stocks helping the precious metal make gains above $1,900 an ounce.

December Comex gold futures are at $1,911.20, up 0.99% on the day after reaching a daily high of $1,910 an ounce. In the meantime, the U.S. dollar index is at 94.03, up 0.16% on the day, while the Dow is up nearly 600 points.

November 3, 12:38

Gold is near its daily high in midday U.S. trading Tuesday. More safe-haven demand is featured for the metals as the highly anticipated and very uncertain U.S. election day is at hand. A sharply weaker U.S. dollar index today is also working in favor of the precious metals market bulls. December gold futures were last up $17.90 at $1,910.40 and December Comex silver was last up $0.282 at $24.315 an ounce.

November 3, 11:11

Will gold price and stocks see big moves right after the election results? The gold price will benefit from either party’s win, but short term, the yellow metal faces bearish pressure, is the conclusion of Gary Wagner, editor of the GoldForecast.com. Let’s first look at the scenario if Trump wins. Because he is a Republican, he still will need to pass fiscal stimulus in terms of an aid package. He has agreed to $1.8 trillion while the House has been fighting for $2.2 trillion. Although they’re not that far apart, I would expect them to dig in fairly deeply. On the other hand, if we see a Democrat win for the presidential election, I think that fiscal spending will be much larger because of the reforms of the Democrats seem to favor big government spending,” he said. 

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COVID-19 in Sask.: 1 more death, 197 new cases announced Saturday – CBC.ca

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Another person in Saskatchewan who tested positive for COVID-19 has died.

The person is in the 80-plus age group and is from the northwest zone, the province said in its Saturday COVID-19 update.

The province also reported 197 new cases of COVID-19, bringing the total to date in Saskatchewan to 7,888.

Community transmission has been found in a number of locations, the province reported.

That includes:

  • A recent outbreak among a teenage hockey team resulted in nine players and one coach testing positive.  Multiple teams are currently self-isolating as a result.
  • A recent outbreak at a curling bonspiel resulted in positive cases on teams from several cities and towns across the province.
  • Positive cases among attendees at a recent funeral has led to the potential exposure of more than 200 people.
  • Seventeen nurses working in one hospital were recently required to self-isolate after being identified as close contacts to positive cases linked to sporting events and community transmission.

The province said investigating and contact tracing these incidents has delayed notification of possible exposure resulting in further transmission.

“With significant outbreaks continuing to occur among larger gatherings and sporting events, the public is urged to follow the public health orders in place and are reminded these orders are enforceable,” said the news release.

Regina had the most new cases on Saturday, with 73, followed by Saskatoon, with 56 new cases.

The other cases were in the far northwest (six), far northeast (four), northwest (five), north central (17), northeast (five), central west (one), central east (five), southwest (16), south central (five) and southeast (two) zones.

The location of the two other new cases is pending.

(Government of Saskatchewan)

The seven-day average of daily new cases is 234 (19.3 new cases per 100,000 population). 

Of the 7,888 reported cases, 3,322 are considered active, with 4,521 people having recovered from the illness.

There are now 106 people in hospital with COVID-19, including 88 people receiving in-patient care.

Thirty of those patients are in Saskatoon, and 18 are in Regina. There are 19 patients receiving in-patient care in the southeast zone, nine in the northwest and seven in north central. The far northwest, northeast, central east, southwest and south central zones each have one person receiving in-patient care.

Eighteen people are in intensive care, including 11 in Saskatoon and five in Regina. The north central and southwest zones each have one patient in intensive care.

A total of 244 health-care workers have been infected with the virus.

In the last three days, the province has recorded eight deaths. There have now been 45 deaths in total related to COVID-19 in the province. 

Saskatoon now has 1,108 active cases and Regina has 636 active cases.

On Friday, 3,359 COVID-19 tests were processed in Saskatchewan. 

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Black Friday brings massive crowds, multiple fights to Calgary mall – CBC.ca

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Despite new provincial restrictions introduced this week, large crowds descended on Chinook Centre during Black Friday sales — and Calgary police say a couple of instances quickly got out of control.

Multiple fights broke out Friday evening, police confirmed, and officers escorted a “whole bunch” of unruly patrons out of the facility. No charges were laid.

At this point, Calgary police Staff Sgt. Mike Calhoun said the emphasis remains on education rather than enforcement — but that could change.

“We’re starting on giving warnings,” Calhoun said. “If we’re starting to see [people] not complying, we’ll move to enforcement.”

Cadillac Fairview, which owns the mall, said a group of youth “impeded traffic flow and caused disturbances” throughout the mall, which resulted in numerous police officers attending the site to escort them from the facility.

“We will continue to work closely with CPS, who will have a presence again on site today and support our efforts to ensure customers’ shopping experience and safety is not hindered,” Cadillac Fairview said in a statement.

The company said it was actively monitoring capacity levels throughout the holiday shopping season to fall in line with the province’s new restrictions.

The facility has also implemented additional measures like enhanced cleaning protocols, signage, directional arrows and installation of barriers where required.

‘It makes me feel awful’

Taylor Tuffnell, who works in the mall, said she saw multiple “huge gatherings” of shoppers moving through the hallways.

“All of a sudden, another huge wave started happening,” Tuffnell said. “So I was like, this is awful! So I’m going to do something [about] this, because this shouldn’t be happening right now.”

In a recording shared to social media, Tuffnell captured the busy hallways within the facility, a scene that wouldn’t look out of place in a regular year.

“It is Black Friday, so we were expecting the mall to be pretty busy,” she said. “[But we had] people hanging out, talking in the hallways, blocking entrances and lineups. That’s basically what [the posts were] showcasing, just how many people were chilling at the mall.”

Taylor Tuffnell, who works at Chinook Centre, said there were multiple waves of large groups making their way through the mall’s hallways on Friday. (Taylor Tuffnell)

Tuffnell said it’s hard to say how this year might compare to Black Fridays of years past, but said it “felt like so much more” because many were chatting and hanging out instead of shopping.

“It made me feel awful. I love my store, I love my job, I love going to work every day,” she said. “But I am also filled with this overwhelming anxiety when I see these situations, because I have family too.

“To see people taking it lightly and hanging out in malls, instead of going out for essentials for Christmas shopping, holiday shopping, it’s so disheartening.”

Tuffnell said she hoped that people attending malls would follow implemented safety protocols.

“[If not], I would just say, guys, stay home,” she said. “If you’re not going to buy things in the mall, just stay home.”

New provincial restrictions

Justice Minister Kaycee Madu said Friday that about 700 peace officers in Alberta would be given the authority to enforce the province’s health orders. 

Madu said the province is ready to enforce the new rules, but added that Alberta is not asking officers to “harass responsible Albertans going about their everyday lives.”

“My expectation is that those who are in violation of the measures that we have put in place would have to be held accountable,” Madu said at the news conference.

“I think you are going to see a heightened level of enforcement in those cases where there are individuals who are blatantly not compliant with the health measures.”

WATCH | Alberta Premier Jason Kenney announces new COVID-19 restrictions for Alberta

Alberta rolled out new restrictions on Tuesday that prohibit all social gatherings in people’s homes and make masks mandatory for all indoor workplaces in the province’s two largest cities. 3:57

New mandatory restrictions announced by the province this week require businesses that can remain open to limit their capacity to 25 per cent of fire code occupancy.

Speaking earlier this week, Premier Jason Kenney said his government will re-evaluate the new restrictions on Dec. 15 and impose stricter measures should case numbers continue to rise at the current rate.

“We will continue to assess it, but we’re not going to let political pressure or ideological approaches to cause indiscriminate damage to people’s lives and livelihoods,” Kenney said. 

“We’re going to protect the health-care system using targeted measures. We’ll have to be more restrictive if they don’t work.”

Shoppers physically distance while waiting in line at an electronics store in Calgary on Black Friday. (Jeff McIntosh/The Canadian Press)

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Sask. reports 1 more coronavirus death, 197 new cases – CTV News

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REGINA —
Another Saskatchewan resident has died after testing positive for COVID-19.

The province said the person, in the 80-plus age group, was from the northwest zone. This is the province’s 45th death related to COVID-19.

Saskatchewan also reported 197 new COVID-19 cases on Saturday, bringing active cases to 3,322.

In a release, the government said six new cases are located in the far northwest zone, four are from the far northeast zone, five are from the northwest zone, 17 are from the north central zone, five are from the north east zone, 56 are from Saskatoon, one is from the central west zone, five are from the central east zone, 73 are from Regina, 16 are from the southwest zone, five are from the south central zone and two are from the southeast zone.

Two new cases are also pending residence information. Five cases that were pending residence information have been assigned, including four in the north central zone and one in the northwest zone.

Saskatchewan’s seven-day average of new cases is 234, or 19.3 new cases per 100,000 population.

The province currently has 106 people in hospital related to COVID-19, including 88 in inpatient care and 18 in intensive care.

Another 137 people were reported recovered from the virus on Saturday.

REGIONALLY

  • 328 active cases are from the far north area (129 far northwest, 61 far north central, 138 far northeast)
  • 731 active cases are from the north area (263 northwest, 373 north central, 95 northeast)
  • 1,108 active cases are from the Saskatoon area
  • 636 active cases are from the Regina area
  • 142 active cases are from the central area (57 central west, 85 central east)
  • 354 active cases are from the south area (97 southwest, 104 south central, 153 southeast)

On Friday, 3,359 COVID-19 tests were processed in Saskatchewan.

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