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Midterm elections clear some uncertainty, but Fed and Trump decisions will shape dollar and gold's future.

Market News
06 Nov 2026, 23:18 WIB
Kitco
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Neutral
Midterm elections clear some uncertainty, but Fed and Trump decisions will shape dollar and gold's future.

The U.S. midterm elections have reduced some market uncertainty, but the future of the dollar and gold largely depends on Federal Reserve actions and President Trump's policies. The Fed is expected to continue its cautious approach, with potential rate changes in December or March. Trump's unpredictable stance on trade, tariffs, and spending could impact the dollar and keep gold and silver attractive as safe-haven assets. Gold prices are likely to find support at recent levels, with upward movement expected as investors seek stability amid political uncertainty.

Gold and the greenback are still at the mercy of Trump and the Fed. For readers following US stocks, here is Pluang's market snapshot as of Nov 07, 2026 04:01 WIB: out of 150 priced stocks, 59 rose and 90 fell. Among notable movers, LYFT dropped 11.63% to USD 16.56 with a typical hold time of 48 days, while FCEL gained 11.53% to USD 9.96 despite 74% of Pluang order activity being sell orders. ABNB also rose 11.44% to USD 189.60 with a longer typical hold time of 140 days and 73% sell orders.

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