# US elections push up gold prices in Egypt; 21-karat gains 75 pounds

> Gold rose above $4,000 an ounce on November 4 after US midterm results pointed to a Democratic majority in both chambers of Congress, weakening the dollar and Treasury yields. Egyptian local gold prices rose accordingly.

- Date: 2026-11-04 · published 2026-11-04T12:10:48.831Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79661-us-elections-push-up-gold-prices-in-egypt-21-karat-gains-75-pounds
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold moves reflect dollar and yield weakness and safe-haven demand; the story is about precious metals rather than feed commodities, so the direct impact on feed buyers is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-11 | [Gold prices surge on expectations for slower Fed rate rises](https://feedsoft.ai/events/37704-gold-prices-surge-on-expectations-for-slower-fed-rate-rises.md) | -1.0% | -0.1% |
| DXY | 2020-05-29 | [Negative US interest rates could push gold price to all-time high: bank \| S&P Global](https://feedsoft.ai/events/53036-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank-s-and-p.md) | -1.4% | -0.6% |
| DXY | 2024-10-11 | [Gold extends gains over 1% as US PPI data solidifies rate cut hopes](https://feedsoft.ai/events/27756-gold-extends-gains-over-1-as-us-ppi-data-solidifies-rate-cut-hopes.md) | +0.7% | +2.0% |
| DXY | 2016-11-09 | [Pound sterling value: What happens now Donald Trump has won the US election? \| The Independent \| The Independent](https://feedsoft.ai/events/74078-pound-sterling-value-what-happens-now-donald-trump-has-won-the-us-election-the.md) | +3.1% | +3.3% |
| DXY | 2022-10-25 | [Pound surges against dollar after US house price shock](https://feedsoft.ai/events/39397-pound-surges-against-dollar-after-us-house-price-shock.md) | -0.3% | -3.0% |

## Sources

- almalnews.com: https://almalnews.com/2145311/%D8%A7%D9%84%D8%A7%D9%86%D8%AA%D8%AE%D8%A7%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9-%D8%AA%D9%82%D9%81%D8%B2-%D8%A8%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1/

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