Gold rebounds from 1-year low as dollar dips on US vote: Nov 4, 2026
Gold has rebounded from a one-year low as US midterm election results pointed to Democrats taking control of Congress. The US vote coincided with a sudden fall in the dollar, with UAE gold prices rising Dh11, while softer oil prices were also in focus with silver topping $50.
Updated
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The day on the wire
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Each tick is a headline first seen that day.
Headlines (13)
First seen on November 4
- Gold Price Forecast: XAU/USD ticks lower while early trend points to Democrats victory in HouseFXStreet
- Gold edges higher as US midterm election results trigger sudden USD fallFXStreet
- UAE gold climbs Dh11 as US vote weakens dollargulfnews.com
- Gold, silver and precious metals prices jump, dollar dips as Democrats take control of CongressCNBC
Carried over from earlier days
- Gold Price Forecast: XAU/USD recovers modestly as oil prices decline, US elections in focusFXStreet
- Gold: Recovery toward 2027 despite near-term pressure - OCBCFXStreet
- Historic $1T+ Gold and Silver Crash Shakes MarketsInvesting.com
- Gold: Short-term selling pressure tests longer-term convictionhome.saxo
- Gold and Silver Rebound HardGoldSilver
- Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US DollarFXStreet
- UPDATE: Gold, Silver, Copper And OilKing World News
- Gold rebounds from 1-year low, silver tops $50 as oil prices fallaa.com.tr
- Gold trims gains after overnight strikes on Iran as the focus turns to the US midterm electionsInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 4 | ||
| CPI m/m | CHF | |
| ADP Non-Farm Employment Change | 67K | USD |
| Trade Balance | -107.9B | USD |
| Final Services PMI | 57.9 | USD |
| ISM Services PMI | 54.8 | USD |
| Crude Oil Inventories | -1.7M | USD |
| Thursday, November 5 | ||
| Unemployment Rate | 3.1% | CHF |
| Challenger Job Cuts y/y | USD | |