Gold Rises 3% as Dollar Slides After US Midterm Results
Gold climbed 2.9% to $4,041.7 as the dollar weakened after Democrats swept the US midterm elections. Investors awaited US payrolls data for signals on the Federal Reserve’s rate outlook.
By Sherin SansGold prices climbed 3% on Wednesday, as a 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 2.9% to $4,041.7…