Reflecting the defeat of the Republicans in the global markets, gold reached a two-week high; Oil fell back on Wednesday and Thursday, November 4 and 5, 2026, as global markets faced significant volatility under the influence of the US midterm election results. The heavy defeat of the Republicans and the majority of the House of Representatives and the Senate by the Democrats increased the hope of limiting the political and military powers of Donald Trump. Click to read Anhita Mohib Ali's report.