# Gold declines below $3,950 on stronger US Dollar, US midterm elections in focus

> Gold fell to near $3,930 in early Asian trade on Wednesday as a firmer dollar and higher Treasury yields weighed on the metal. Traders are awaiting the US midterm elections, and the World Gold Council reported central banks bought 321 tons in Q3.

- Date: 2026-11-03 · published 2026-11-04T00:19:19.424Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/78692-gold-declines-below-3-950-on-stronger-us-dollar-us-midterm-elections-in-focus
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher yields pressure USD-priced commodities, while sustained central bank buying supports gold. The article is routine precious-metals commentary with no direct effect on feed ingredient supply or demand.

## Read by commodity

- DXY: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-declines-below-3-950-on-stronger-us-dollar-us-midterm-elections-in-focus-202611032331

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.