Gold Jumps 2.6% After Democratic Midterm Sweep; London Miners Climb

Gold futures rose 2.6% to $4,041.50 as a softer dollar and falling Treasury yields followed Democratic control of Congress. London-listed miners Hochschild, Fresnillo, Endeavour gained 3.5%-4.2%. Eurozone and UK bond yields declined. The dollar index hit a one-month low. Analysts said AI regulation risk is limited but crypto faces a hostile Congress. Saudi GDP contraction was tied to oil output.