[Democratic Election Victory Boosts Dollar, Gold Rebounds Over 2%] Golden Finance reports that on Wednesday, November 4th, spot gold rose over 2%, supported by a weaker dollar following the Democratic victory in the crucial US midterm elections. Meanwhile, investors awaited the US non-farm payroll data later this week for clues about the Federal Reserve's future policy path. Chris Weston, head of research at Pepperstone, stated, "The weaker dollar, coupled with a sharp decline in both nominal and real Treasury yields, has clearly provided support for gold prices. Investors looking to hedge against the risks of a potentially more unpredictable and confrontational Trump administration seem to have created a favorable market environment for gold buyers." On Wednesday, the Democratic Party's decisive victory in the US midterm elections led to a decline in global stock markets and a weaker dollar. A weaker dollar makes dollar-denominated gold cheaper for overseas buyers.