# Gold hits two-week high as dollar, yields ease after U.S. midterms

> 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.

- Date: 2026-11-05 · published 2026-11-05T06:07:30.110Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81141-gold-hits-two-week-high-as-dollar-yields-ease-after-u-s-midterms
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-04-22 | [China's yuan nears six-week high as U.S. yields ease \| Financial Post](https://feedsoft.ai/events/47810-china-s-yuan-nears-six-week-high-as-u-s-yields-ease-financial-post.md) | -0.3% | -1.2% |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |
| DXY | 2022-12-07 | [Gold jumps 1% as U.S. dollar, yields slip on Fed slowdown bets](https://feedsoft.ai/events/38161-gold-jumps-1-as-u-s-dollar-yields-slip-on-fed-slowdown-bets.md) | -1.0% | -0.7% |
| DXY | 2024-11-29 | [Yen hits six-week high, dollar dips for month-end](https://feedsoft.ai/events/27606-yen-hits-six-week-high-dollar-dips-for-month-end.md) | -0.3% | +1.3% |
| DXY | 2021-04-19 | [Goldman Sachs backs the euro as the dollar hits two-month lows](https://feedsoft.ai/events/47789-goldman-sachs-backs-the-euro-as-the-dollar-hits-two-month-lows.md) | -0.3% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/11/05/gold-hits-two-week-high-as-dollar-yields-ease-after-us-midterms.html

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