Gold rises after US midterm vote
The precious metal gains as the dollar weakens and Treasury yields fall.
04 Nov, 14:08
Redatto da Lorenzo Carlo Junior Marconi
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Gold moves higher after the US midterm elections, supported by a weaker dollar and lower US Treasury yields.
Weaker dollar supports gold
Gold rises on Wednesday, November 4, following the US midterm elections. The move comes amid a weaker dollar and falling Treasury yields.
Treasury yields decline
A weaker dollar can make gold relatively more affordable for investors using other currencies. At the same time, lower Treasury yields reduce one of the factors that can compete with the precious metal’s appeal.
Markets assess the post-election outlook
The available data do not indicate prices, the scale of the moves or additional drivers behind the session. It therefore remains to be seen whether the post-election reaction will translate into a more lasting trend for the dollar, yields and gold.
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