{
  "id": 18265722,
  "title": "Gold hits a two-week high as dollar, Treasury yields ease after US midterm elections",
  "url": "https://urgent.news/2026/11/05/gold-hits-a-two-week-high-as-dollar-treasury-yields-ease-after-us-18265722",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T06:11:43.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447533/gold-hits-a-two-week-high-as-dollar-treasury-yields-ease-after-us-midterm-elections"
  },
  "original_language": "en",
  "account": "Gold prices surged nearly 2% on Thursday, reaching a two-week high, as a result of a weaker US dollar and lower US Treasury yields following a Democratic midterm election victory. Spot gold increased by 1.9% to $4,134.83 per ounce by 0316 GMT, marking its highest level since October 22. Bullion climbed about 3.4% on Wednesday, its largest daily gain since August 19. US gold futures for December delivery also rose 1.8% to $4,144.20.\n\nThe weaker dollar and reduced Treasury yields contributed to gold's recovery above the key $4,000 level. Linh Tran noted that if investment flows and yield movements continue to support the market, gold could stabilize above $4,000, potentially opening the way for a recovery toward $4,200, followed by $4,400. The dollar dipped on Thursday as a result of the Democrats' decisive win in US midterm elections, which alleviated a key source of uncertainty and stimulated a rally in global equities. A weaker dollar makes gold more affordable for holders of other currencies.\n\nMeanwhile, the yield on benchmark 10-year US Treasuries decreased by 6 basis points overnight and further by a basis point in early Tokyo trade, reaching 4.87%. Market participants are now anticipating the US nonfarm payrolls report on Friday to assess the Federal Reserve's monetary policy outlook. Currently, traders believe there is an 82% probability that the Fed will raise rates in December, according to CME's FedWatch tool.\n\nHigher interest rates diminish the opportunity cost of holding non-yielding bullion, thereby decreasing its attractiveness to investors. Citigroup has a price target of $4,500 per ounce for gold, as it anticipates significant upside potential if the Strait of Hormuz reopens and the Yemen/Saudi conflict de-escalates by year-end. Among other precious metals, silver increased by 1.7% to $53.12 per ounce, platinum rose by 2.1% to $1,527.65, and palladium climbed by 2.6% to $1,030.14.",
  "summary": "Gold prices climbed nearly 2% to a two-week high on Thursday , supported by a weaker US dollar and lower US Treasury yields in the wake of a Democratic midterm election wave. Spot gold rose 1.9% to $4,134.83 per ounce by 0316 GMT, hitting its highest since October 22. Bullion climbed about 3.4% on Wednesday, its biggest daily gain since August 19. US gold futures for December delivery climbed…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Gold Holds Above $4,000 as Dollar, Yields Fall on Midterm Result",
        "url": "https://urgent.news/2026/11/04/gold-holds-above-4-000-as-dollar-yields-fall-on-midterm-result",
        "published": "2026-11-04T23:58:33.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Gold extends rebound above US$4,100 as dollar and yields decline",
        "url": "https://urgent.news/2026/11/05/gold-extends-rebound-above-us-4-100-as-dollar-and-yields-decline",
        "published": "2026-11-05T03:17:52.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold hits a two-week high as dollar, Treasury yields ease after US midterm elections",
        "url": "https://urgent.news/2026/11/05/gold-hits-a-two-week-high-as-dollar-treasury-yields-ease-after-us",
        "published": "2026-11-05T04:18:18.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Gold extends rebound above $4 100 as dollar and yields decline",
        "url": "https://urgent.news/2026/11/05/gold-extends-rebound-above-4-100-as-dollar-and-yields-decline",
        "published": "2026-11-05T06:30:45.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold rallies on softer dollar, easing yields after US midterm results",
        "url": "https://urgent.news/2026/11/05/gold-rallies-on-softer-dollar-easing-yields-after-us-midterm-results",
        "published": "2026-11-05T07:03:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}