United StatesGold gained 4% this week, near $4,063 an ounce.
The dollar and Treasury yields fell after the US midterms, lifting the metal.
Gold pays no interest, so oil-driven inflation worries that keep Fed rates high raise the cost of holding it.
Gold eased 0.6% Friday, and Goldman Sachs cut its end-2026 forecast to $4,150 from $4,650.
Traders see 68% odds of a December Fed hike, with US inflation data due 10 November.
How each outlet framed it
- Reuters
- links gold's weekly gain to oil-driven inflation and higher-for-longer Fed expectations, not the midterms or AI selloff
- Bloomberg Business leans favorable
Sources: Bloomberg Business, Reuters