The victory of the Democrats strengthened the prospect of a rise in gold prices The gold market until a significant increase in prices as the Democratic Party takes control of the US Congress from January 3rd after making significant gains in the elections in both the House of Representatives and the Senate. The cash price of gold, up nearly 2% in today's trade, is testing the first resistance level in the $4,000-per-ounce range. These developments come as political analysts are gradually presenting their final estimates of the results of the 2026 US midterm elections. Analysts believe that the victory of the Democrats in both houses of Congress could provide the basis for a rise in the price of gold until 2027. Christopher Vecchio, head of futures strategy and currency trading at TC Live, told Kitco News in an interview that the Democrats' outright victory could create favorable conditions for the gold market on New Year's Eve, especially if increased political uncertainty leads to a slowdown in economic growth. Vecchio explained that Democratic control of Congress could create obstacles for the technology sector, especially in the context of massive investments in artificial intelligence infrastructure and data centers that have so far supported the growth of the American economy. Read the full report on the Senate website.

The victory of the Democrats strengthened the prospect of a rise in gold prices The gold market until a significant increase in prices as the Democratic Party takes control of the US Congress from January 3rd after making significant gains in the elections in both the House of Representatives and the Senate. The cash price of gold, up nearly 2% in today's trade, is testing the first resistance level in the $4,000-per-ounce range. These developments come as political analysts are gradually presenting their final estimates of the results of the 2026 US midterm elections. Analysts believe that the victory of the Democrats in both houses of Congress could provide the basis for a rise in the price of gold until 2027. Christopher Vecchio, head of futures strategy and currency trading at TC Live, told Kitco News in an interview that the Democrats' outright victory could create favorable conditions for the gold market on New Year's Eve, especially if increased political uncertainty leads to a slowdown in economic growth. Vecchio explained that Democratic control of Congress could create obstacles for the technology sector, especially in the context of massive investments in artificial intelligence infrastructure and data centers that have so far supported the growth of the American economy. Read the full report on the Senate website.