🟢 Gold ETF (SGOL) is trading 3.17% up in pre-market as midterm gains weakened dollar, lifting gold

SGOL is trading at $38.48, up +3.17%, as Democrats’ midterm gains weakened the dollar and Treasury yields, boosting gold’s safe-haven appeal.

• Softer oil prices eased inflation concerns as traders awaited U.S. labor-market data.
• Spot gold climbed 2.2%, and December U.S. gold futures rose 2.2% in reported trading.
• SGOL’s pre-market move aligned with strength across the broader gold market.