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Gold up over 2% on Dem win
Gold rose more than 2% on Wednesday following significant Democratic victories in the U.S. midterm elections, as the dollar weakened and stocks fell. Spot gold climbed 2.2% to $4,016.01 an ounce, while U.S. gold futures for December delivery gained 2.2% to $4,026.90. Investors are awaiting Friday’s U.S. jobs report for clues about the path of interest rates, while an analyst said the $4,000 level represents a key resistance point for gold.
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