IAU is trading at $76.05 (+3.23%) as Democrats’ congressional sweep heightened political uncertainty and safe-haven demand for gold. - A weaker U.S. dollar and falling Treasury yields supported bullion by making it more attractive relative to interest-bearing assets. - Gold prices rose more than 2% in reports from Wednesday’s session. - Broader equity futures were mixed, suggesting gold’s move was more closely tied to election-driven currency, yield and defensive-demand shifts than to a general market rally.