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Gold Climbs Above $4,000 an Ounce After 2% 24-Hour Gain
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Global FX Market Summary: Democrats Sweep Midterms, Dollar Slumps, Gold Hits $4,000 - 4 November 2026
Democrats winning control of Congress sparks political gridlock, weighing on the US Dollar while boosting gold and safe-haven assets. US Midterm Elections and Political Gridlock The Democratic Party has secured control of both the House of Representatives and the Senate in the US midterm elections, setting the stage for a divided government during the remainder of President Donald Trump's term. This political shift has raised market expectations…
The fall in the dollar and US bond yields boosted demand for the precious metal. Silver, platinum and palladium also rose. Above… Gold: Above $4,000 after the Democrats' landslide victory - NAVTEMPORIKI
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