Oil falls 9% and gold tops $4,000 after Democrats win Congress
Brent fell 9% to $94.29 and gold climbed back above $4,000 an ounce after Democrats won Congress. In Pakistan gold rose Rs13,900 a tola to Rs426,036.
US midterm elections: 4 The Indus Compass stories. Latest: Oil falls 9% and gold tops $4,000 after Democrats win Congress. Key developments, background and…
4 stories on US midterm elections since 22 October 2026; the latest was published on 5 November 2026.
Brent fell 9% to $94.29 and gold climbed back above $4,000 an ounce after Democrats won Congress. In Pakistan gold rose Rs13,900 a tola to Rs426,036.
Mojtaba Khamenei said anyone hoping US behaviour will change after the midterms is 'seriously mistaken' and warned a renewed war would be 'much wider'.
Pentagon data seen by Reuters puts the US cost of the Iran war above $47 billion, over 25 per cent more than July's estimate, days before the midterm elections.
Americans vote on November 3 for the House, a third of the Senate and 36 governors, with Trump's approval at a record low and $3.8bn spent on ads.