First published Nov 4, 2026, 12:13:18 PM UTC · Last updated Nov 4, 2026, 12:13:18 PM UTC

Markets react to the US midterms: the dollar falls and gold rises

The source reports a weaker US dollar and gold rising more than 2% to above US$4,000 an ounce as markets responded to the Democratic victory in the US midterm elections. It says Democrats will control both chambers of Congress for the final two years of Donald Trump’s presidency.

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Affected location: United States

Illustrative image: US Army photos by Sgt. 1st Class Sonia Dell'Omo — usarmyband/Wikimedia Commons, CC BY 2.0

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The report describes simultaneous currency and gold-price movements following a change in control of Congress.

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MercoPress UK Markets react to the US midterms: the dollar falls and gold rises

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