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Democrats' gains in the US midterm Congress elections reduced political uncertainty and lifted risk appetite. The dollar index fell to 101.09, its lowest in five weeks, and gold rose to $4,137 an ounce.
Oil also fell as the Democratic result was seen limiting Trump's policy options.
A weaker dollar tends to support dollar-priced commodities, and lower oil reduces energy and input costs for feed producers. The effect is a market reaction and is likely to fade if the Iran outlook changes.
cumhuriyet.com.trNov 5, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
