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Spot gold rose 2.9% to $4,041.77 an ounce on Wednesday after the dollar slid following Democrats' sweep of the US midterm elections. Bullion was on track for its biggest daily gain since August 19, with traders awaiting US payrolls data.
A weaker dollar and fiscal-risk concerns lift gold demand; for feed buyers this is a macro spillover with little direct effect on feed grain prices.
brecorder.comReutersNov 5, 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.
