AAAU is trading at $39.84, up 3.15% from its November 3 close; after Democrats won control of both chambers in the November 3 midterm elections, the result weakened the U.S. dollar and Treasury yields, supporting gold.
- Reuters reported spot gold up 2.4% early Wednesday, with gains extending as the session progressed.
- A weaker dollar made dollar-priced bullion cheaper for overseas buyers; lower yields reduced the opportunity cost of holding non-yielding gold.
- Available information does not provide AAAU trading volume.