U.S. mid-term elections may impact the stock market; copper prices fall below $14,000 and remain low
2026-11-04 11:00:48
According to CoinMeta, preliminary results of the mid-term elections in the United States indicate that the Democratic Party is likely to take full control of Congress, which led to a decline in the stock market. Copper prices also fell for the second consecutive trading day. On Tuesday, copper prices dropped below $14,000 per ton for the first time since September, facing the risk of breaking away from the trading range they have maintained for the past two months. Analysts say that traders tend to be slightly more risk-averse before the results of the mid-term elections are announced. Copper prices have been catching up with previous declines in recent weeks, and the future trend will largely depend on the performance of the U.S. stock market. The clear tilt in the mid-term election results in favor of the Democratic Party means that the possibility of a political deadlock in Washington is increasing. If sectors with moderate to high economic growth face more regulatory scrutiny, it could be negative for both the stock market and the dollar. However, a weaker dollar is usually beneficial for commodities priced in dollars.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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