Gold climbs to a two-week high as the dollar weakens after US midterm elections

Gold prices climbed to their highest level in two weeks on Thursday as a weaker dollar and falling Treasury yields lifted demand for the metal.

• Spot gold rose as much as 2% to $4,134.83 an ounce on Thursday, its highest level since October 22.
• The metal jumped 3.4% on Wednesday, its biggest daily gain since August 19, after Democratic midterm victories weakened the dollar.
• The dollar index fell 0.3% to 101.13 on Thursday.
• The World Gold Council reported central bank gold purchases rose 42% in the third quarter to 321 tons.