# Gold set for best week since August as U.S. political shift weakens dollar

> Gold fell on Friday but remained on track for a weekly gain of more than 5%, its strongest since August, after the US midterm election result weakened the dollar and Treasury yields. Investors also weighed equity-market losses and possible changes in US fiscal and monetary policy; the dollar index edged up 0.1% on Friday.

- Date: 2026-11-06 · published 2026-11-06T03:11:58.424Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/83281-gold-set-for-best-week-since-august-as-u-s-political-shift-weakens-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar can support dollar-denominated commodity prices, including imported feed inputs, while currency swings affect buyers’ costs. The article reports no direct change in feed supply or demand, so any feed-market effect is indirect.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-23 | [Sterling set for best week against dollar since August after data boost \| Reuters](https://feedsoft.ai/events/21303-sterling-set-for-best-week-against-dollar-since-august-after-data-boost-reuters.md) | -1.5% | -1.0% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | -0.7% | -1.6% |
| DXY | 2025-11-28 | [US dollar set for worst week since July as Fed rate cut looms \| Reuters](https://feedsoft.ai/events/22142-us-dollar-set-for-worst-week-since-july-as-fed-rate-cut-looms-reuters.md) | -0.5% | -1.5% |
| DXY | 2023-12-14 | [Dollar drops to weakest since August as traders eye Fed pivot - Moneyweb](https://feedsoft.ai/events/8715-dollar-drops-to-weakest-since-august-as-traders-eye-fed-pivot-moneyweb.md) | -1.3% | -1.3% |

## Sources

- es.investing.com: https://es.investing.com/news/commodities-news/el-oro-se-encamina-a-su-mejor-semana-desde-agosto-por-el-giro-politico-en-eeuu-3914805
- mx.investing.com: https://mx.investing.com/news/commodities-news/oro-rumbo-a-mejor-semana-desde-agosto-por-giro-politico-en-eeuu-3836398

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