Business
Global Markets Slide on Democratic Midterm Gains as Gold Climbs
November 4, 2026 at 12:33 PM
3 reports · over 3 hours
Global stocks and the dollar fell Wednesday after Democratic gains in US midterm elections, while gold and silver climbed.
- Democrats were poised to take control of both chambers of the US Congress following midterm results.
- Japan's Nikkei closed down 1.42% at 62,188.63 after sliding as much as 4.8% earlier in the session.
- Gold rose 2.94% to $4,045 an ounce in spot trading, with silver gaining 3.8%.
- Trump accepted the election results and said the war in Iran contributed to Republican losses.