Gold Holds Above $4,000 as Dollar, Yields Fall on Midterm Result

Gold held above $4,000 per ounce, sustaining its biggest surge since August after a Democratic sweep in U.S. midterm elections sent the dollar and Treasury yields lower. The weaker greenback boosted gold's appeal to foreign buyers, while falling yields reduced the opportunity cost of holding non-yielding bullion. Investors turned to the safe haven amid political shifts.