# Gold gains as dollar slides after Democratic midterm gains - Markets - Business Recorder

> 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.

- Date: 2026-11-05 · published 2026-11-05T03:13:55.712Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/81088-gold-gains-as-dollar-slides-after-democratic-midterm-gains-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| DXY | 2021-03-18 | [Gold gains after Fed maintains easy monetary policy stance - Markets - Business Recorder](https://feedsoft.ai/events/48016-gold-gains-after-fed-maintains-easy-monetary-policy-stance-markets-business.md) | +0.4% | -0.3% |
| DXY | 2020-06-08 | [Gold gains as investors bet on dovish signals from Fed - Markets - Business Recorder](https://feedsoft.ai/events/52529-gold-gains-as-investors-bet-on-dovish-signals-from-fed-markets-business-recorder.md) | +0.7% | +0.4% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |
| DXY | 2021-03-11 | [Dollar at one-week lows after benign inflation data - Markets - Business Recorder](https://feedsoft.ai/events/48346-dollar-at-one-week-lows-after-benign-inflation-data-markets-business-recorder.md) | -0.4% | -0.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40447441/gold-gains-as-dollar-slides-after-democratic-midterm-gains

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