Gold Rises Through US$4,000 as Precious Metals Rally — November 4, 2026 Market Alert

Gold climbed back through US$4,000 on Wednesday morning, rising 2.81% to US$4,042 by 4:52 AM ET, as results from the U.S. midterm elections pointed to Democratic control of Congress — an outcome that pushed the U.S. dollar and Treasury yields lower and lifted safe-haven demand across the precious metals market. In Canadian dollars, gold traded at C$5,639.78 on this site's live feed. Silver extended the rebound that began earlier this morning, and platinum moved higher as well. Gold has now posted a move of more than 2.5% of its own, on top of the silver-led market alert earlier today. Live prices on goldstocklive.com as of 4:52 AM ET — Wednesday, November 4, 2026 Gold: C$5,639.78 per troy ounce — up 2.42% vs the previous close of C$5,506.66 (US$4,042, up 2.81%) Silver: C$72.48 per troy ounce — up 3.91% vs the previous close of C$69.74 (US$52.01, up 4.18%) Platinum: C$2,041.35 per troy ounce — up 2.61% vs the previous close of C$1,989.48 (around US$1,463) What moved the market Wire reports on Wednesday morning said Democrats won control of both chambers of Congress in Tuesday's midterm elections, flipping Republican-held seats in several states. The U.S. dollar index fell about 0.4% to 101.45 — around a one-month low — making dollar-priced bullion cheaper for overseas buyers, while Treasury yields fell, led by shorter maturities. Analysts quoted in the coverage pointed to the combination of a weaker dollar and a sharp decline in both nominal and real yields as clear support for bullion. Canadian-dollar prices rose less than U.S.-dollar prices because the loonie held up against the softer greenback. One factor has not changed: traders still price roughly a 77–78% probability of a Federal Reserve rate increase in December, little different from before the results. Markets now look to Friday's U.S. jobs report (November 6) for the next signal on the Fed's path — a release that has a history of moving gold sharply in both directions. What it means for buyers and sellers Wednesday's rally continues the recovery from Friday's steep selloff, but the bigger picture is a reminder of this market's speed: even after the rebound, gold remains down more than 7% so far this year and silver nearly 28%, according to market tallies. Moves like this change counter prices in real time. If you are selling gold jewelry, scrap, or coins, the value of what you hold rises and falls with the spot price — bring items in for in-person weighing and testing so you are paid on the metal actually in hand. If you are buying, prices on bars and coins move with the market until your order is confirmed. Gold Stock Corp serves customers across the Greater Toronto Area and in Vancouver, and online at goldstocklive.com. This article is market information for education only and is not financial advice. Precious metals prices change continuously; the price of any order is the price confirmed at the time of that order.