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The US dollar fell to its lowest level in five weeks, while gold prices surpassed $4,100 per ounce following the Democrats' congressional election victory. This shift in power is expected to complicate the Trump administration's fiscal and military initiatives. The dollar index decreased by 0.22%, with the euro and yen gaining against the dollar. Gold prices rose by 1.9%, reaching $4,134.83 per ounce, influenced by lower US bond yields and a weaker dollar, making gold more accessible to foreign buyers. Market reactions may be exaggerated, and investors anticipate a potential interest rate hike by the Federal Reserve in December, with upcoming labor market data expected to provide further insights.

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