Gold prices climb to two-week high following US midterm elections
Story essentials
Gold market
Global
November 5, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 111/5/2026, 8:00:58 AM
Gold prices rose nearly 2% to a two-week high on Thursday, November 5, 2026. The rally is driven by a weaker US dollar and lower Treasury yields following the Democratic midterm election wave. Market analysts suggest potential for further recovery toward US$4,200.
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US dollar weakens and gold rises following midterm election results
US dollar index fell near 101.50. Gold prices rose over 2% to above US$4,000 per ounce. Markets react to Democratic control of Congress.