Gold rises to $4,128 after US vote
Gold rose to $4,128.42, up 1.72%, as headlines tied the rally to a weaker dollar, softer yields and the post-election trade.
Spot gold rose overnight to $4,128.42 a troy ounce, up $69.76, or 1.72%, after trading between $4,059.69 and $4,145.64. Investing.com said gold surged past $4,130 as the US election sent the dollar and Treasury yields tumbling, while Yahoo Finance said gold extended its rally above $4,100 after the U.S. vote. For the session ahead, Invezz pointed to US nonfarm payrolls, and Scotsman Guide said Friday’s jobs report looms as the Fed weighs a December move on interest rates.
Continued from the evening edition of 4 November 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Election move lifts gold above $4,100
Investing.com reported that gold surged past $4,130 as the US election sent the dollar and Treasury yields tumbling. Yahoo Finance also tied gold’s move above $4,100 to a falling dollar and Treasury yields after the U.S. vote. FXLeaders described a safe-haven surge after a Democratic midterm sweep, while Mitrade said gold extended a post-election rally on US dollar weakness and softer bond yields. FXStreet similarly linked the XAU/USD rally to Democrats’ victory weakening US yields. Kitco’s PM report said gold climbed above $4,000 as Democrats took Congress, keeping the political backdrop at the centre of the overnight move.
- Gold surges past $4,130 as US election sends dollar, Treasury yields tumbling Investing.com
- Gold Reclaims $4,000 as Democratic Midterm Sweep Sparks Safe-Haven Surge FXLeaders
- Gold extends post‑election rally on USD weakness and softer bond yields Mitrade
- Gold Price Forecast: XAU/USD extends rally as Democrats’ victory weakens US yields FXStreet
- Gold extends rally above $4,100 as dollar, Treasury yields fall after U.S. vote Yahoo Finance
- Gold climbs above $4,000, Wall Street rallies as Dems take Congress - Kitco PM Report Kitco
Oil slide and jobs data frame the session
Invezz asked whether the gold price rally can last as oil slides before US nonfarm payrolls, placing the next US labour-market print in focus for traders. Scotsman Guide said Friday’s jobs report looms as the Fed weighs a December move on interest rates. Shanghai Metals Market reported that crude oil plunged, the US dollar fell, and gold and silver rallied in overnight markets. TradingView said oil extended a losing streak to a fourth day while gold held its biggest rally since August. Mitrade also highlighted WTI oil plunging as gold surged above $4,000 and US stocks rallied.
- Gold price forecast: Can the rally last as oil slides before US nonfarm payrolls? Invezz
- Market News Today Australia: WTI Oil Plunges 9%, Gold Surges Above $4,000 as US Stocks Rally Mitrade
- Commodity Corner: Oil extends losing streak to fourth day; gold holds biggest rally since August TradingView
- Crude oil plunges, US dollar falls, gold and silver rally, metals mostly rise, LME and SHFE nickel lead gains [Overnight market] Shanghai Metals Market
- Friday’s jobs report looms as Fed weighs December move on interest rates Scotsman Guide
Forecast headlines flag resistance
Several forecast headlines framed the rally as a test rather than a settled breakout. Daily Forex said the election rally faces resistance, and FXEmpire said the post-election rally was testing critical resistance. Investing.com reported that gold and platinum rallied but both faced critical tests before a full recovery. Mitrade asked whether XAU/USD reclaiming $4,000 after Democrats won Congress put $4,200 next, while TradingView said spot gold may extend gains into a $4,188-$4,285 range. Kitco asked whether gold’s recovery above $4,000 was enough to fix a broken market.
- Gold Price Forecast: XAU/USD Reclaims $4,000 as Democrats Win Congress — Is $4,200 Next? Mitrade
- Gold Forecast 05/11: Election Rally Faces Resistance (Video) Daily Forex
- Gold (XAU/USD) Price Forecast: Post-Election Rally Tests Critical Resistance FXEmpire
- Spot gold may extend gains into $4,188-$4,285 range TradingView
- Gold and Platinum Rally, but Both Face Critical Tests Before a Full Recovery Investing.com
- Is gold's recovery above $4,000 enough to fix a broken market? asks Michele Schneider Kitco
India demand and ETF headlines stay active
Daily Excelsior said gold futures rose to Rs 1.45 lakh per 10 grams on firm spot demand. ETV Bharat carried a similar headline, adding that silver futures declined. The Economic Times reported that gold and silver ETFs rallied up to 6% amid a soft dollar and falling oil prices, while Univest said Gold BeES rose 1.8% on Dhanteras 2026. The Economic Times also noted a 192% Dhanteras rally and an Rs 83,000 jump in five years, asking whether gold could reclaim its lost shine. Shanghai Metals Market cited the World Gold Council as saying gold demand was near record levels, with central banks buying 321 tonnes and ETFs booming.
- Gold futures rise to Rs 1.45 lakh/10 gm on firm spot demand Daily Excelsior
- Gold Futures Rise To Rs 1.45 Lakh/10 Gm On Firm Spot Demand; Silver Futures Decline ETV Bharat
- Gold, silver ETFs rally up to 6% amid soft dollar and falling oil prices. Should investors enter? The Economic Times
- Gold's 192% Dhanteras rally: Rs 83,000 jump in five years, but can the yellow metal reclaim its lost shine The Economic Times
- Gold ETF Dhanteras 2026: Gold BeES Rises 1.8% Today Univest
- World Gold Council: Gold demand near record levels, central banks buy 321 tonnes, ETFs boom Shanghai Metals Market
What to watch
- US nonfarm payrolls, flagged by Invezz as gold rallies while oil slides.
- Friday’s jobs report, which Scotsman Guide linked to the Fed’s December rate debate.
- Dollar and Treasury-yield moves after the U.S. vote, cited by Investing.com and Yahoo Finance.
- Resistance levels and recovery tests highlighted by Daily Forex, FXEmpire and Investing.com.
Gold price on 5 November 2026
| Spot gold | USD / oz | Change on previous close |
|---|---|---|
| Previous close | $4,058.67 | |
| Morning edition, (this page) | $4,128.42 | +$69.76 · +1.72% |
| Close | Recorded when the next session opens | |
Prices from XAUTicker, frozen when each edition was published. A close is added once the next session’s first edition records it.