Gold jumps 3 percent as dollar slides
Gold prices climbed three percent as the dollar slid following Democratic gains in the US midterm elections. Investors await upcoming payrolls data for further signals on the Federal Reserve rate outlook.
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Gold climbed 3% to $4,046.74 per ounce on Wednesday as the United States dollar slid following Democratic midterm gains. The rally puts bullion on track for its biggest daily gain since August 19. Investors are now turning their attention to upcoming payrolls data to gauge the Federal Reserve's next move on interest rates.
