Gold jumps 1.5% as dollar eases after US midterms

Welcome to Venor News, London Edition. I'm Gracy Skai.

Bloomberg reports gold holding above four thousand dollars as the dollar and yields rise.

Democrats have taken control of Congress, and markets are repricing.

Oil is falling as traders see less risk of the Iran war escalating.

US stocks had their best day since August, while the Financial Times reports chipmakers slipped.

First, currencies. The euro is up 0.31 percent and the pound has firmed 0.17 percent. Dollar-yen has slipped 0.36 percent. The dollar is softer across the board.

Our number of the day: 14.9 percent. That's how far US crude oil has fallen this week.

Gold is the story. It is up 1.50 percent since yesterday's close, and 6.13 percent this week. Reuters reports gold hit a two-week high as the dollar and Treasury yields eased after the midterm elections. Bloomberg reports the metal holding above four thousand dollars as the dollar and yields fall. The daily trend is still down, with sellers in control, but the four-hour structure has turned up. Traders now watch today's US unemployment claims.

Crypto now. Bitcoin is up 0.32 percent today and 3.34 percent this week, trading just above eighty thousand dollars. Ethereum has gained 0.42 percent. The Motley Fool reports Bitcoin recovered as Wall Street rallied. Bloomberg reports the Democratic win is rattling trades from AI stocks to crypto. The daily trend for Bitcoin is still down, with sellers slightly ahead.

The key event today is the Bank of England's rate decision at 12:00 GMT. Bailey speaks at 12:30 GMT.

Finally, at the time of this recording, our live barometer showed: gold leans bullish, US crude oil leans bearish, and Bitcoin leans bullish. For short-term sentiment, watch Market Pulse on our website. And our Session's Briefing goes out before every session on our Telegram channel, Venor Analysis. Scan the code on your screen to join.

That's all from Venor News. Goodbye, and happy trading.