SQUAWK/NEWS
Account
Theme
Account
Menu
Live News COMMODITIES ARTICLE M impact

Gold Climbs 3% as Dollar Slides After Democratic Midterm Gains

Gold prices rose 3% on Wednesday as a post-election dollar decline lifted bullion demand. Investors awaited US payrolls data for signals on the Federal Reserve’s rate outlook.

GOLD
SquawkNews Desk

By Sherin SansGold prices climbed 3% on Wednesday, as a post-election slide in the dollar lifted demand for bullion after Democrats swept the US midterm elections, while investors awaited this week's US payrolls data for fresh signals on the Federal Reserve's rate outlook.Spot gold TVC:GOLD rose 3…

Related stories

Palm Oil Hits Four-Month Low on Stock Expectations Palm oil fell to a four-month low amid expectations of record October stocks. M impact | COMMODITIES | Nov 04, 2026, 10:46 AM UTC Egypt Gold Jewelry Demand Falls 12% in Q3 2026 The World Gold Council reported that Egypt’s gold jewelry demand fell 12% in the third quarter of 2026. M impact | COMMODITIES | Nov 04, 2026, 10:39 AM UTC Gold rises 3% after Democrats make gains in US elections M impact | COMMODITIES | Nov 04, 2026, 10:32 AM UTC Crude Oil Falls for 3rd Session Crude oil prices edged lower to around $95.30 a barrel on Wednesday, hitting a three-week low and extending losses for a third consecutive session. However, volatility is expected H impact | COMMODITIES | Nov 04, 2026, 10:32 AM UTC West Red Lake Gold PFS Projects C$764 Million Post-Tax NPV The integrated pre-feasibility study projects annual gold production of 100,000 ounces once Rowan enters production. L impact | COMMODITIES | Nov 04, 2026, 10:31 AM UTC Gold Futures Climb 2.8% to $4,052.50 After U.S. Midterms Gold prices rose above $4,000 a troy ounce as the U.S. dollar softened and Treasury yields fell. In midmorning European trade, gold futures were up 2.8% at $4,052.50 a troy ounce. M impact | COMMODITIES | Nov 04, 2026, 10:28 AM UTC