# Gold prices fluctuate sharply after the US election: The Fed still holds the power to decide.

> Gold rose from around $3,900 per ounce to a peak of $4,145 after the US midterm elections, then fell sharply before recovering to about $4,065.97. The article links the reversal to stronger-than-expected US employment data, which showed 165,000 jobs added in October and unemployment at 4.1%.

- Date: 2026-11-08 · published 2026-11-08T03:08:42.269Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/86912-gold-prices-fluctuate-sharply-after-the-us-election-the-fed-still-holds-the
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US data can strengthen expectations for tighter Federal Reserve policy and support the dollar, which may weigh on dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-08-01 | [Gold prices slip to two-week low as US Fed dashes hopes of more rate cuts](https://feedsoft.ai/events/57513-gold-prices-slip-to-two-week-low-as-us-fed-dashes-hopes-of-more-rate-cuts.md) | +1.1% | +2.1% |
| DXY | 2018-02-27 | [Gold slides after Fed's Powell confirms gradual rate hikes](https://feedsoft.ai/events/66405-gold-slides-after-fed-s-powell-confirms-gradual-rate-hikes.md) | +0.1% | -0.1% |
| DXY | 2025-05-07 | [Gold price drops over 2% after Fed hold, US-China tariff talks boost US Dollar](https://feedsoft.ai/events/24581-gold-price-drops-over-2-after-fed-hold-us-china-tariff-talks-boost-us-dollar.md) | +0.8% | -0.8% |
| DXY | 2026-03-20 | [US dollar rises after Federal Reserve leaves interest rates unchanged, while gold prices slip \| The Straits Times](https://feedsoft.ai/events/20070-us-dollar-rises-after-federal-reserve-leaves-interest-rates-unchanged-while.md) | +0.2% | -1.5% |
| DXY | 2025-01-29 | [US dollar firms against peers after Fed holds rates steady](https://feedsoft.ai/events/26413-us-dollar-firms-against-peers-after-fed-holds-rates-steady.md) | -0.1% | -0.8% |

## Sources

- vietnam.vn: https://www.vietnam.vn/en/gia-vang-bien-dong-manh-sau-bau-cu-my-fed-van-nam-quyen-dinh-doat

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