- Key assets like U.S. dollar pairs, Bitcoin, and gold are likely to be highly sensitive to election-related uncertainty, with hedge fund manager Paul Tudor Jones II betting heavily on gold and Bitcoin amid inflation concerns.
On November 5, approximately 250 million Americans are expected to vote in the presidential election.
The outcome, though, may not be immediately clear. The official result could take anywhere from a few hours to several weeks, depending on the margin of victory and potential legal disputes.
Para conocer la fecha y hora exactas de estos importantes acontecimientos económicos, importa el BlackBull Markets Calendario Económico para recibir alertas directamente en tu buzón de correo electrónico.
UBS analysts caution that the election’s outcome may not be known until December 11, the deadline for states to certify their electoral college votes. They add that recounts and legal challenges—particularly from the Trump campaign—could push the timeline even further.
Traders should account for the risks and costs of a prolonged wait. Key assets like U.S. dollar pairs, Bitcoin, and gold could be the most sensitive during this time. Interestingly, billionaire hedge fund manager Paul Tudor Jones is betting heavily on gold and Bitcoin. He expects inflation to persist regardless of who wins the 2024 U.S. presidential election.
