GLD is trading at $370.69, up 3.18%, as the Democratic midterm sweep weakened the dollar and lowered Treasury yields, supporting gold demand.
- Reuters and CNBC report the election-driven move; investors are also watching upcoming U.S. payrolls for clues on Federal Reserve policy.
- A softer dollar makes gold more affordable to overseas buyers, while lower yields reduce the opportunity cost of holding non-yielding bullion.