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Gold hits a two-week high as dollar, Treasury yields ease after US midterm elections
Gold prices climbed nearly 2% to a two-week high on Thursday, supported by a weaker US dollar and lower US Treasury yields in the wake of a Democratic midterm election wave. Spot gold rose 1.9% to $4,134.83 per ounce by 0316 GMT, hitting its highest since October 22. Bullion climbed about 3.4% on Wednesday, its biggest daily gain since August 19. US gold futures for December delivery climbed 1.8% to $4,144.20. Dollar edges lower as US election outcome cheers global markets A weaker dollar and lower Treasury yields have helped gold recover above the key $4,000 level, though holding above that t...
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