Gold Price Today: Above $4,000 Wednesday as Democrats Win…
By Tobi Opeyemi Amure
AI summary of the source article
December COMEX gold futures rose 2.2 percent to $4,027.30, surpassing $4,000 following US midterm election results showing Democrats winning the House. The gain coincided with Treasury yields falling and the US dollar index dropping to 101.50.
Why it matters
Matt Simpson, senior market analyst at StoneX, stated that "$4,000 is the obvious resistance level" and that "a break on either side could set gold's next move".
Key facts
- December COMEX gold futures traded at $4,027.30 on 4 November 2026, up 2.2 percent from Tuesday's settlement.
- Democrats won the House in US midterm elections, while the dollar index fell to 101.50 and Treasury yields declined.
- CME FedWatch maintained roughly a 78 percent chance of a December Federal Reserve interest rate hike.
Source excerpt · FinanceFeeds
Updated 4 November 2026, 06:36 GMT. Gold is back above $4,000 an ounce on Wednesday. December COMEX gold futures traded at $4,027.30 , up 2.2 percent from Tuesday's $3,940.40 settlement, after an overnight range of $3,929.30-$4,032.40 (Yahoo Finance). Democrats won the House in Tuesday's midterm elections and CBS News projects they will also control the Senate, the dollar index slipped to about 10…