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via fxstreet.comMarkets

Gold extends post-election rally on weaker dollar and softer bond yields

FROM THE WIRE · FXSTREET.COM

Gold (XAU/USD) gains strong follow-through positive traction following the previous day's rally of over 3.5% – its biggest daily gain since mid-August – and surges past the $4,100 mark, hitting a two-week top during the Asian session on Thursday.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA large gold rally alongside a weaker dollar can move commodities, currencies and bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold extends gains after the previous day's rise of over 3.5%.
  2. 02That was its biggest daily gain since mid-August.
  3. 03The metal surges past $4,100, hitting a two-week top in Thursday's Asian session.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
GoldCOMMODITY:GOLDCommodity4,135.50 USD-0.37%today +1.53%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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