🟢 Gold ETF (GLDM) is trading 3.21% up as election results weakened the dollar

GLDM is trading at $80.02, up 3.21%, as Democrats’ sweep of Congress weakened the dollar and pulled Treasury yields lower, supporting gold.

• Gold, a non-yielding asset, rose about 3% as investors reacted to the election result.
• The move was part of a broader precious-metals rally; reports also cited renewed demand as bullion climbed back above $4,000 an ounce.