Gold hits two week high as dollar and yields fall
Gold prices reached a two week high as the US dollar and Treasury yields weakened. A sharp drop in oil prices also eased inflation concerns following the US midterms.
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Gold climbed 1.9% to $4,134.82 per ounce on Thursday morning, reaching a two-week high following the United States midterm elections. The rally comes as the dollar and Treasury yields weakened alongside declining energy prices. This marks a sharp reversal from last week's low, driven by short-covering across global commodities.
