Spot gold rose 3.02% to $4,446.90 per ounce in premarket trading on Wednesday after the Democrats won control of both the Senate and House in the US midterm elections. The US dollar fell to a one-month low, making gold cheaper for buyers using other currencies and supporting prices. US-listed gold miners also rose: Kinross Gold (KGC) gained 6.8%, while Barrick Mining (B), Newmont (NEM) and Agnico Eagle (AEM) each rose at least 5%. The article notes that higher gold prices can improve revenue outlooks, though earnings depend on each company’s costs and output. Investors will watch whether the dollar stays weak and gold holds above $4,400 per ounce.
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 11/03/2026 | 101.86 |
| Change that session | +0.06% |
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/03/2026 | 3,946.40 |
| Change that session | -0.16% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/03/2026 | 3,934.56 |
| Change that session | -0.11% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 11/03/2026 | 3,930.22 |
| Change that session | -0.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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