Democrats sweep US midterms, gold surges on softer dollar and falling yields

Democrats secured control of Congress in Tuesday's midterm elections, triggering a sharp repricing of financial markets. Gold $GOLD surged on a softer US dollar $EURUSD and falling Treasury yields, as investors reassess policy implications of divided government ending under Trump's watch.

The 2-year Treasury yield fell to a two-month low, while equity futures initially declined before paring losses. Market volatility shifted toward sectors sensitive to regulatory and geopolitical shifts under Democratic control.

#election #precious_metals #rates