Kitco NEWS(@KitcoNewsNOW):Gold Rallies on Democratic Sweep, but Can It Last? On November 4th, the US midterm elections gave Democrats a majority in both the House and the Senate. That same day, #gold futures rallied $135, or 3.35%. It was the largest single-day advance since gold fell to 13-month lows and broke below $4,000 for the first time since it closed above that level in late September 2025. With the Fed still expected to raise rates next month, can this political shift pull gold out of a multi-month correction and convince traders to pivot from bearish to bullish sentiment? That is the question we will try to answer today. https://t.co/YvYPdjBbcS Commentary by @garyswagner and Joseph Wagner

2026.11.10 13:42

Gold Rallies on Democratic Sweep, but Can It Last? On November 4th, the US midterm elections gave Democrats a majority in both the House and the Senate. That same day, #gold# futures rallied $135, or 3.35%. It was the largest single-day advance since gold fell to 13-month lows and broke below $4,000 for the first time since it closed above that level in late September 2025. With the Fed still expected to raise rates next month, can this political shift pull gold out of a multi-month correction and convince traders to pivot from bearish to bullish sentiment? That is the question we will try to answer today. Commentary by @garyswagner and Joseph Wagner