# Gold rises as dollar weakens ahead of U.S. midterm election results

> Gold prices edged higher on Wednesday as a softer dollar and lower US real yields supported the metal ahead of the midterm results. Spot gold rose 0.1% to $3,931.24 per ounce. Traders saw a 78% chance of a Fed rate hike in December, and Iran and the US remained far from a deal to end their war.

- Date: 2026-11-04 · published 2026-11-04T06:08:03.955Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79187-gold-rises-as-dollar-weakens-ahead-of-u-s-midterm-election-results
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold moves here reflect dollar and rate expectations rather than feed supply, so the direct impact on feed commodities is limited. A firmer Fed outlook and a weaker dollar are the mechanisms that link this move to currency-sensitive grain and oilseed prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2023-11-21 | [Gold marches ahead to the beat of a weaker US dollar](https://feedsoft.ai/events/33074-gold-marches-ahead-to-the-beat-of-a-weaker-us-dollar.md) | -0.6% | -0.7% |
| DXY | 2019-10-31 | [Euro rises as dollar weakens on questions about more Fed rate cuts](https://feedsoft.ai/events/56782-euro-rises-as-dollar-weakens-on-questions-about-more-fed-rate-cuts.md) | -0.1% | +0.8% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/markets/commodities/articles/gold-rises-dollar-weakens-ahead-032934816.html
- cnbc.com: https://www.cnbc.com/2026/11/04/gold-rises-as-dollar-weakens-ahead-of-us-midterm-election-results.html

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