📈 Gold has surged 5% in two days, breaking above $4,100, with the rally gaining momentum following the Democrats’ sweep of both chambers of Congress. 3 major headwinds are easing: 🔸 Inflation concerns → WTI crude plunged 8.3%, raising hopes that lower energy prices could ease inflation pressure. 🔸 Elevated Treasury yields → The US 10Y yield fell around 5 bps, as expectations of a divided government raised doubts about further fiscal expansion. 🔸 Strong dollar → DXY slid 0.6% to a one-month low, providing further support for gold as fiscal expectations shifted. Whether these tailwinds can sustain gold’s rally will depend on how the political gridlock unfolds and its impact on fiscal policy, Treasury yields and the dollar. 🔗 Trade XAUT/USDT Spot on BloFin: https://blofin.com/trade/en/spot/XAUT-USDT 🔗 Trade CL/USDT Futures on BloFin: https://blofin.com/trade/en/futures/CL-USDT