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Spot gold rose about 2% to a two-week high near $4,135 an ounce after the dollar and Treasury yields fell following the Democratic midterm wave. The 10-year Treasury yield dropped to about 4.87%.
Gold had climbed about 3.4% the previous day.
Lower yields and a weaker dollar support precious metals, and gold is not a feed commodity. The move mainly signals softer US financial conditions that can support broader commodity prices.
cnbc.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.
