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Gold Jumps More Than 2% as Dollar Softens After Midterm Sweep

Gold rose more than 2% on Wednesday as the US dollar weakened after Democrats won control of both chambers of Congress. Investors awaited US nonfarm payrolls data for clues on the Federal Reserve’s policy path.

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By Sukanya Mitra and Kavya BalaramanGold prices rose over 2% on Wednesday, bolstered by a weaker US dollar after Democrats seized control of both the Senate and House in US midterm elections, while investors await non-farm payrolls data for clues to the Federal Reserve's policy path.Spot gold TVC:G…

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