US Election: Dollar Falls, Gold Surges as Democrats Defeat Trump’s Republicans
The election setback pushed the dollar lower, lifted spot gold to $4,022 an ounce and sent U.S. stock futures down.
- Following Tuesday's midterm elections, the Democratic Party secured significant gains in Congress, dealing a political setback to President Donald Trump's Republican Party in traditionally Republican-leaning states.
- Reacting to the results, the United States dollar declined 0.6 per cent against the Japanese yen and the Swiss franc, while spot gold rose to $4,022 per ounce.
- Similarly, Nasdaq Composite futures fell more than 2 per cent following Tuesday's trading session, while United States Treasury bonds rallied in reaction to the election outcome.
- Trump congratulated the Democrats on their electoral victory but blamed the Republican Party's losses on rising gasoline prices linked to the war in Iran that escalated in February 2026.
- Regional markets experienced widespread losses as artificial intelligence-related stocks declined, while traditionally Republican-leaning states turned toward the Democrats, signaling a broader political realignment affecting Trump's standing.
15 Articles
15 Articles
Bullion reclaims $4,000-per-ounce threshold while silver climbs toward $52 amid falling Treasury yields, greenback weakness
US election: Dollar falls, gold surges as Democrats defeat Trump’s Republicans
Financial markets have reacted negatively to the outcome of the United States midterm elections, in which the Democratic Party made significant gains in Congress at the expense of President Donald Trump’s Republican Party. The election results saw several traditionally Republican-leaning states turn towards the Democrats, presenting a political setback for Trump as he approaches the […] US election: Dollar falls, gold surges as Democrats defeat …
The outcome of the U.S. interim elections has caused some reactions on the capital markets, although negative shocks soon weakened. Shares of two industries increased particularly strongly.
The price of an ounce of gold rose 2.35 percent to $4,022.76 and silver rose 4.11 percent to $51.77.
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