Gold Ten Futures, November 6th news, first of all, Trump's policy of large-scale tax cuts, its fiscal stimulus is relatively strong, will raise the government deficit level. It may exacerbate inflationary pressure, double easing in fiscal and monetary policies, and the US inflation center may rise, which is relatively good for non-ferrous metals. The Trump administration emphasizes "America First" and the return of manufacturing, supporting the demand for non-ferrous metals and other raw materials, especially in the construction of roads, bridges and hydropower and other infrastructure. Democrats are more inclined to clean energy and chip policies, which are favorable for copper, lithium, tin and other electrical and semiconductor metals. Republicans have a bearish impact on the new demand for non-ferrous clean energy and chips. Trump's policy advocates the use of trade protectionism, tariffs and other means to achieve the return of manufacturing, which may lead to an increase in global trade friction, and other countries will then face the damage to demand caused by trade friction, which will weaken the demand expectation for non-ferrous metals to a certain extent. In summary, Trump's election has more financial impact on non-ferrous metals, but the impact from the demand side is bearish, mainly reflected in trade protection and clean energy policies.