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Gold prices rose in Egypt and globally on 4 November after Democrats won control of both houses of Congress. Spot gold climbed about $125 to near $4,047 an ounce, and Egypt's 21-karat gram rose about 90 pounds to 6,230.
The weaker dollar and lower Treasury yields were cited as drivers.
A weaker dollar and lower yields tend to support dollar-priced commodities broadly, though gold itself is not a feed input. The dollar's decline eases local-currency import costs for feed buyers in Egypt.
almasryalyoum.comأميرة صالحNov 4, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
