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Gold and silver prices jump as US midterm election results weaken dollar and Treasury yields

Market News
05 Nov 2026, 00:21 WIB
Kitco
View Source
Bullish
Gold and silver prices jump as US midterm election results weaken dollar and Treasury yields

Gold and silver prices rose sharply following the US midterm elections, where Democrats gained control of both Congress chambers. This outcome lowered the dollar, Treasury yields, and crude oil prices, boosting demand for precious metals amid expectations of legislative gridlock and restrained fiscal spending. The election results also raised hopes for renewed US-Iran negotiations, easing geopolitical risks and inflation concerns. Investors now watch upcoming economic data and Federal Reserve policy signals for clues on the metals' price sustainability.

Gold price movements after the US midterm elections provide context for Pluang's market data. For readers following US stocks, here is Pluang's market snapshot as of Nov 05, 2026 05:01 WIB: out of 150 priced US stocks, 109 rose and 41 fell. Notable movers include MRNA at USD 256.65 with a 12.35% increase, LCID at USD 3.37 up 11.59%, and NVAX at USD 10.71 rising 10.64%.

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