# Markets react to US midterms: dollar falls, gold rises

> Dollar weakens as gold climbs after Democratic election win.
- Title: Markets react to US midterms: dollar falls, gold rises
- Summary: Dollar weakens as gold climbs after Democratic election win. The US dollar fell against major currencies and gold rose over 2% to above $4,000 an ounce…
- Keywords: us dollar, gold, democratic victory, us midterms, dollar index, treasury note, MercoPress
- Source: MercoPress — https://en.mercopress.com/2026/11/04/markets-react-to-the-us-midterms-the-dollar-falls-and-gold-rises
- Read time: 1 min
- Topics: us dollar, gold, democratic victory, us midterms, dollar index, treasury note, news, world, politics
## Dollar index falls
The dollar index, which measures its value against a basket of currencies, remained in negative territory near 101.50.
## Gold rises after election
Gold rose more than 2% to above US$4,000 an ounce as markets assessed the Democratic victory in the midterm elections.
## Dollar weakens against key currencies
The dollar's biggest fall was against the Swiss franc at 0.4%, with the euro briefly rising above US$1.1250 before easing to 1.1230.
## Analysts warn of market pressure
Commerzbank analysts warned that US equities, particularly the tech-heavy Nasdaq, are likely to face pressure due to dollar weakness.
## Key takeaway

The US dollar fell against major currencies and gold rose over 2% to above $4,000 an ounce following Democratic victory in US midterms.