Spot gold rose 3.4% to 4,061.30 USD/ounce and spot silver gained 5.1% to 52.29 USD/ounce on November 4, as the US dollar weakened after the midterm elections, where Democrats were forecast to win control of the House of Representatives. The USD Index fell about 0.3%, US stocks rallied as political risk eased, while Treasury yields and oil prices declined. StoneX's Rhona O'Connell said that if Democrats control both chambers of Congress, gold could be supported as rates and the dollar are likely to face downward pressure, though this could bring fiscal policy standoffs and institutional conflicts. Capital.com's Daniela Hathorn said the recovery remains fragile, since geopolitical instability does not automatically translate into safe-haven demand, and gold and silver could be sold off during sharp stock declines as investors liquidate profitable or easily convertible assets. Gold is down more than 6% and silver about 26% year-to-date, after rising 66% and 135% in 2025.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vàng thế giới bật tăng hơn 3% sau chiến thắng vang dội của đảng Dân chủ
Read the original on Vietstock ↗
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goldsilverUS dollarmidterm electionsDemocratic Party
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Related tickers and likely impact
XAU/USD
▲ Likely positiveRelevance: high
| Market | Gold |
|---|---|
| Close on 11/04/2026 | 4,060.57 |
| Change that session | +3.32% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/04/2026 | 4,061.47 |
| Change that session | +2.92% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/04/2026 | 4,050.62 |
| Change that session | +2.95% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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