Gold reclaims $4,000 as dollar dips after US midterms: Nov 5, 2026
Gold moved back above $4,000 as the dollar weakened after Democrats took control of Congress in the US midterms. UAE gold prices rose Dh11 on the weaker dollar, while wider coverage linked the move to a rebound in stocks and strength across precious metals.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the Gold page.
Headlines (8)
Carried over from earlier days
- Gold Price Forecast: XAU/USD ticks lower while early trend points to Democrats victory in HouseFXStreet
- 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
- investingLive European session wrap: Stocks rebound, gold soars as dollar tumbles after blue sweep in US midtermsInvestingLive
- Gold Rips Back Above 4,000, but Walks Straight Into a WallInvesting.com
- Gold is back at $4,000. Don't celebrate yetFXStreet
- Gold reclaims $4,000 as US midterm sweep sinks USD, Oil plungesFXStreet
- Financial & Forex Market Recap: Nov. 4, 2026babypips.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 5 | ||
| Unemployment Rate | 3.1% | CHF |
| Challenger Job Cuts y/y | USD | |
| SNB Chairman Schlegel Speaks | CHF | |
| Prelim Nonfarm Productivity q/q | 2.8% | USD |
| Unemployment Claims | 197K | USD |
| Prelim Unit Labor Costs q/q | 0.3% | USD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |