Newmont Goldcorp is trading at $113.80, up +6.23%, as gold strengthens amid a weaker U.S. dollar and lower Treasury yields after the midterm-election outcome.
- Reuters reported gold climbed 2.4% as the dollar weakened after Democrats won both chambers of Congress.
- Analysts cited lower yields and expectations of slower government spending as support for bullion.
- The move came despite a weaker materials sector; no new company-specific catalyst was identified for November 4.