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Silver $51.94 Β· Gold surges above $4,000 as dollar weakens post-election ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #97 Β· Wednesday, November 4, 2026
Gold volatility (GVZ)  Cautious Β· 25.8  β–² from 25.5 yesterday
Worth noting  Gold crossed above $4,000 since yesterday.
Gold and silver rallied sharply today as the US dollar weakened following election results, though miner stocks lagged underlying metal gains.
 
 

●  The Numbers

Gold$4,048.00  +2.73%
-0.09% this week
Silver$51.94  +4.74%
-2.85% this week
Platinum$1,461.60  +2.04%
-5.58% this week
Palladium$989.50  +6.40%
-1.97% this week
Copper$6.44  +1.00%
-3.00% this week

●  The Movers

Leaders

PA=F Palladium+6.40%
SI=F Silver+4.74%
GC=F Gold+2.73%

Laggards

B Barrick Mining-2.42%
GDX Gold Miners ETF-1.96%
AEM Agnico Eagle-1.84%

The day's best and worst of the tracked metals and miners Β· day-over-day change.

●  The Read

Gold β€” description, not prediction

Trading below both its 50-day ($4,252.50) and 200-day ($4,509.18) averages β€” the longer-term trend reads as down. 30-day range $3,898.90–$4,321.20; currently in the middle third of that range. RSI(14) 41 β€” momentum weak.

See where every market sits on the daily page β†’

What's pushing gold today: the dollar & Treasury yields  on the Dollar & Yields page β†’

●  The Brief

 Gold surges above $4,000 as dollar weakens post-election

Gold jumped 2.73% to $4,048 and silver climbed 4.74% to $51.94 as the US dollar retreated following midterm election outcomes, a typical safe-haven pattern. (Investing)

 Iran's Khamenei signals persistent US tensions ahead

Iran's leader indicated geopolitical hostility toward the US will continue regardless of which party holds power, sustaining Middle East uncertainty and safe-haven demand. (Investing)

 I-80 Gold flags Nevada labor constraints limiting ore access

Toronto-based i-80 maintained its annual production forecast but cited delayed access to high-grade ore due to Nevada labor market tightness. (Mining.com)

 Rare Earth Americas reports improved recovery at Brazil project

Lab testing at the Alpha project showed 40% rare-earth leach recovery versus the 27% assumption in the technical report, indicating potential efficiency gains. (Mining.com)

Partner

The charts we read every morning

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Metals 101

What is the GVZ?

The CBOE Gold Volatility Index β€” gold's version of the VIX. It gauges how big a move the market expects in gold over the coming month. High GVZ means jittery, low means calm. It describes mood, not direction.

β€œMetals mirror the dollar and the day's mood β€” a description, not a forecast.”

Gold Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Metals carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured each morning before the US open.

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