🟢 Gold ETF (GLD) is trading 4.30% up in pre-market as election-driven dollar weakness supports gold

GLD is trading at $374.70 (+4.30%) as election-driven dollar weakness and lower Treasury yields support gold demand. - Reuters reported gold rose nearly 2% on November 5 as the dollar and Treasury yields eased further after the election. - Hopes for US-Iran de-escalation and falling oil prices may also support bullion. Investors are watching upcoming US payrolls for clues to the Federal Reserve’s rate outlook.