Cointime reports: Spot gold rose more than 2% on Wednesday after decisive Democratic wins in the U.S. midterm elections weakened the dollar, making dollar-priced bullion cheaper for overseas buyers. Investors are also awaiting U.S. nonfarm payrolls later this week for clues on the Federal Reserve’s policy path. Pepperstone research head Chris Weston said the weaker dollar, combined with sharp falls in both nominal and real Treasury yields, clearly supported gold.
Gold Jumps Over 2% as Dollar Weakens on Democratic Midterm Wins
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