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Lead story Commodities Markets React to US Midterms with Gold Rally and Dollar Dip Gold prices and Wall Street stocks rallied on November 4, 2026, following the Democratic Party's sweep of the US midterm elections, while the US dollar dipped. Spot gold climbed more than 2% to US$4,138 an ounce, but analysts cautioned that further gains could be limited by expectations of a Fed rate hike in December. The US dollar index fell to 101.24, with experts noting that improving investor sentiment post-midterms reduced demand for the safe-haven currency. Equities saw a mixed reaction, with the S&P 500 and Nasdaq rising, but semiconductor stocks falling. Analysts predict gold could reach US$4,500 in the coming months and exceed US$5,000 by the end of 2027. Sentiment +1 Clout 85 Speculation 4 Gold

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