Gold price prediction: Will gold rally on Thursday after midterm election result? Check outlook for Novemb - The Economic Times

AI desk brief

Wednesday’s December gold futures settled at $4,073/oz, up 3.37%, while silver rose 5.08% to $52.282/oz. The report links the rebound to falling oil prices, a weaker dollar and reduced concerns about further Fed hikes following reported Democratic midterm victories. Prithvi Finmart’s Manoj Kumar Jain projects gold at $4,140–4,220 if it sustains above $4,000, and silver at $55–57 if it holds above $52. His November 5 outlook anticipates continued volatility from oil, the dollar and US jobs data; the supplied text does not specify the year or provide downside targets.