Live Updates > Live Update Details
2026-11-04 12:26:29
[Analyst: Gold Under Short-Term Pressure, Midterm Election Results a Key Variable] 1. Philip Nova analyst Priyanka Sachdeva stated that investors are cautiously assessing the progress of the US midterm elections. Spot gold is under pressure, having fallen below $3,900 per ounce in the past few trading days before recovering slightly. 2. She believes the key question is whether the election results will be enough to change the overall macroeconomic environment and drive a reversal in gold prices, or simply add new uncertainty to an already volatile market. While the decline in oil prices has alleviated inflation concerns to some extent, persistently high US Treasury yields, a relatively strong dollar, and market expectations of further tightening by the Federal Reserve are still limiting a rebound in gold prices. 3. She stated that against the backdrop of a generally weak market environment, as the midterm election results become clearer, some investors may gradually enter the market and form a stronger buying position; before that, many investors may still prefer to wait and see, waiting for a clearer picture of US Treasury yields, the dollar's trajectory, and risk sentiment before investing new funds.
